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What is reissue of shares |
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Answer» Answer: Hope it helps you. Explanation: Re-issue of Forfeited Shares. FORFEITURE of shares refers to the cancelation of shares. Sometimes, SHAREHOLDERS MAY be unable to pay the money due on allotment or calls on the due date. In this case, the COMPANY may forfeit such shares. ... Consequently, the Company may opt for REISSUE of Shares. |
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