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What is the minimum price at which a company can reissue its forfeited shares which were originally issued at par?

    • Posted by Ujjwal Singhal 5 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Yogita Ingle 5 years, 10 months ago

    Determination of reissue price of forfeited shares, which were originally issued at par, rests with the company that issued it. It may decide to reissue such shares once again at par, at premium or at a discount.

    If it is reissued at a discount, the reissue price is usually fixed by taking into consideration the amount that has been paid up before forfeiture.

    The company may also decide to cancel shares that are forfeited.

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