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Is there any maximum limit of …

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Is there any maximum limit of discount at the time of reissue of shares?  If yes, what is the  limit ?

    • Posted by Shivani Pannu 4 years ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Gaurav Seth 4 years ago

    Forfeited shares can be reissued as fully paid at a par, premium or discount. In this, it may be noted that the amount of discount allowed cannot exceed the amount that had been received on forfeited shares at the time of initial issue.

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