Notice for Forfeiture of Shares
Date: [Date]
To,
[Shareholder Name]
Folio No. [Folio No.]
[Address]
Subject: Non-payment of call money on [number] equity shares of [Company Name] and proposed forfeiture.
Dear Mr./Ms. [Shareholder Name],
- A call of Rs. [amount] per share was made by the Board on [call date] and became due on [due date] in respect of your [number] equity shares bearing distinctive numbers [___].
- Despite reminders, the call money of Rs. [total amount] together with interest at [rate]% per annum remains unpaid.
- In accordance with Article [___] of the Articles of Association and the Companies Act, 2013, you are hereby given final notice to pay the said amount together with interest on or before [final date].
- Please note that if payment is not received by the said date, the shares are liable to be forfeited without further notice, and you will cease to be a member in respect thereof.
By order of the Board,
For [Company Name]
[Name]
Company Secretary / Director
For [Company Name]
[Name]
Company Secretary / Director