State the two conditions which must be fulfilled to re-issue the forfeited shares.
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Forfeited Shares become the property of the company and the company can reissue them at par, at premium or at discount. However, discount cannot exceed the amount forfeited.
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Forfeited Shares become the property of the company and the company can reissue them at par, at premium or at discount. However, discount cannot exceed the amount forfeited.
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