When a company requests a further payment from shareholders of the unpaid amounts on their shares, it:
A) makes a call on the shares.
B) makes a further allotment of those shares.
C) converts the shares into debentures.
D) forfeits the shares.

Question

Quizplus · Accepted Answer

When a company requests a further payment from shareholders of the unpaid amounts on their shares, it is making a call on the shares. This means that the company is calling on shareholders to pay the remaining amount on their shares, which they have not yet paid, as per the terms of the share agreement.

When a Company Requests a Further Payment from Shareholders of the Unpaid