Forfeited shares are re-issued at par only. (State True or False)
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TRUE......IS THE ANSWER
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Answer :- True .
Extra information :- At the point when the relinquished offers are re-issued at standard or at a higher cost than expected, the passages are like the sections gone regarding the issue of offers at standard or at premium.
In any case, the sum receivable on reissue of such offers together with the sum officially got from defaulting investors, will not, regardless, be not exactly the first issue cost of offers .
Extra information :- At the point when the relinquished offers are re-issued at standard or at a higher cost than expected, the passages are like the sections gone regarding the issue of offers at standard or at premium.
In any case, the sum receivable on reissue of such offers together with the sum officially got from defaulting investors, will not, regardless, be not exactly the first issue cost of offers .
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