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What is the restriction on reissue of forfeited shares at discount?

+2 votes

asked Jan 17, 2019 in Class 12 by kratos

What is the restriction on reissue of forfeited shares at discount?

class-12
accounting for share capital and debenture

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1 Answer

+4 votes

answered Mar 28, 2021 by kratos

Best answer

A Company can reissue forfeited shares at a discount not more than amount forfeited on these shares.

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