What is the maximum discount that can be allowed on reissue of shares?
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Now on reissue of such shares at discount, the maximum discount could be Rs. 35. In case the discount allowed is below Rs. 35 (say Rs.
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company forfeited shares of Rs. 100 each. Rs. 35 has been paid by the shareholder Rs. 65 is the unpaid amount. Now on reissue of such shares at discount, the maximum discount could be Rs. 35
Hope you understood mate
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