Question

what is reissue of shares​

Answer 1

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.

Answer 2

It Simply means issue of shares again. Explanation is given below. Hope it will help you.

Explanation:

Reissue of shares simply means issue of share again. Due to numerous reasons a company may forfeit shares of their shareholders. Most common case is due to default in installments such as allotment money or calls. These forfeited are thus supposed to be reissued.

A forfeited share may be reissued for a lesser sum than the sum received on it on forfeiture.