What is forfeiture of shares and reissue only shares
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Answer:
Forfeiture is cancellation and re- issue is present the forfeited shares for sale.
Explanation:
The forfeiture of shares is the shares cancelation because sometimes the shareholders unable to pay for the shares which are due on the allotment date or calls. So, in this case, the company forfeit the shares of the shareholders. And company also forfeits the money received by the company on the forfeited shares till the forfeiture date.
Company also have the option to sale the forfeited shares and that is called the re- issue of the forfeited shares.
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