Accountancy, asked by ismailpc3355, 7 months ago

what is re-issue of forfeited shares

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Answered by mrsmk2005

Answer:

If shares are forfeited the membership of the shareholder stands cancelled and the shares become the property of the company. Thereafter, the company has an option of selling such forfeited shares. The sale of forfeited shares is called 'reissue of shares'.

Answered by Anonymous

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