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In the case of forfeiture of shares by the issuing company:

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In the case of forfeiture of shares by the issuing company:

company

may forfeit shares on which the calls are not in arrears

0%

power

to forfeit and circumstances of forfeiture is provided in the Companies Act 1993

0%

power

to forfeit and circumstances of forfeiture need not be provided in the company’s

constitution

0%

forfeited

shares may be reissued to a new shareholder

100%

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