Issued and paidup capital
Querist : Anonymous
paid up capital 70000 share of 10 each fully paid
then on 27/05/2011 co. Issued 48000 share @ 5 paid up
and that share ON 20/10/2011 forfeited
now, company wants to issue 80000 share at 5 paid up (fresh issue) ON 01/01/2012
so my question is what should be issued and paid up capital after last allotment which were
pleas pleas reply...................
Querist : Anonymous
and can forfeited shares can be reduced from issued capital and if "yes" then how pls provide procedure for it
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