Corporate Law

Calls And Forfeiture Of Shares In Tanzania

April 2, 2025
Corporate Law

A company is at a discretion not to demand the full amount of nominal face value of the shares and the premium on those shares in lumpsum at the time of application and may instead demand in installment depending on requirements. This means the shareholders or subscribers may pay the total amount in installments i.e….

Calls and Forfeiture of Shares in Tanzania

March 7, 2022
Corporate Law

What happens when a shareholder fails to pay for their shares? In Tanzania, companies have legal mechanisms such as calls on shares, forfeiture, surrender of shares, and liens to protect their interests and enforce shareholder obligations. While these concepts are often overlooked, they carry significant legal and financial consequences for both companies and investors. Understanding…