If a company is listed in the London Stock Exchange and shareholders fail to pay the amount due on allotment,the shares forfeited must be refunded in full to defaulting investors.

Question

Quizplus · Accepted Answer

According to the London Stock Exchange's rules and regulations, if shareholders fail to pay the amount due on allotment, the shares can be forfeited and sold by the company. The defaulting investor will then receive any profits from the sale, but will not be refunded in full for their forfeited shares.

If a Company Is Listed in the London Stock Exchange