Question

When forfeited shares are re-issued the amount of discount allowed on these shares cannot exceed ______.

पर्याय

• 10% of called-up capital per share

• 6% of paid-up capital per share

• The amount received per share on forfeited shares

• The unpaid amount per share on forfeited shares

Answer 1

When forfeited shares are re-issued the amount of discount allowed on these shares cannot exceed the amount received per share on forfeited shares.