Question

If a share of ₹ 10 on which ₹ 8 has been paid up is forfeited, it can be reissued at the minimum price of ______.

Options

• ₹ 10 per share

• ₹ 8 per share

• ₹ 5 per share

• ₹ 2 per share

Answer 1

If a share of ₹ 10 on which ₹ 8 has been paid up is forfeited, it can be reissued at the minimum price of ₹ 2 per share.