Accountancy, asked by ppalakjain412, 1 day ago

What is the meaning of Reissue of forfeited share

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Answered by Anonymous

Hai friend how are you have a nice day

Answered by priyachoudhari089

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'.

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