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Re-issue of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2013 Hello Everyone!

At the time of re-issue of forfeited shares, there is a requirement that a company can re-issue shares at discount but the amount of discount should not exceed the amount already forfeited. My question is where in Indian Laws or Rules or Regulations, such requirement has actually been provided.

Please Rly

Thanks and Regards
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Rupesh Jain

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Rupesh Jain (Expert)
15 June 2013 yes requirment is actually in practice
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2013 Sir is there no legal provision in this regard?
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 Sir pls Reply
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