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ca ipcc comp law
can a comp reissue its forfeited shares at discount?
Replies (5)
obviously it can issue
Thanks
bt sec 53 says a comp can not issue sh. at discount other than sweat equity sh. (sec 54)
bt sec 53 says a comp can not issue sh. at discount other than sweat equity sh. (sec 54)
the section is for first time issue( in primary market) as the forfeiture shares are already issue, so the co. can issue it @ discount
yes he is correct
ok thank u very much
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