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प्रश्न
What are the conditions on which forfeited shares can be re-issued?
लघु उत्तर
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उत्तर
Only when the following requirements are met may the forfeited shares be reissued:
- A resolution authorizing the re-issuing of forfeited shares must be approved by the directors.
- The amount of arrears on the surrendered shares must be greater than the price that is charged.
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