Uncalled share capital is that part of subscribed share capital which has not been called for payment by a company. A company calls for only a part of share’s price at the time of allotment. The remaining part is called up at a later date. This uncalled or remained part is known as uncalled share capital.
What will happen if a share holder can not pay when company instructs to pay uncalled capital?
If a shareholder fails to pay the call money as demanded by the company within the time period provided by the company then the company may forfeit the shares.
Actually company may call the share holder if the person not pay, then they may give a chance (for another call if it’s a first call, if not they must be forfeited cause its a gain to the company) and forfeited
Thanks for clarifying me on this.