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What is the maximum discount that can be offered in case of reissue of shares?

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CBSE/Class 12/Commerce/Accountancy Tuition/Class XI-XII Tuition (PUC)

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Maximum discount on reissue of shares forfeited shall not exceed amount in share forfeiture account.
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Mentor

Discount in shares varies in different sectors. For example, in share capital A c = Rs.10,000 and Bank particulars is also Rs 10,000. Discount Rs 1 or Rs. 2 is added in case of Rs 300 or Rs 200.
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20%.
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Case 1: Originally issued at par or premium but now re issued at a discount The maximum amount of discount should be less than or equal to the amount standing to the credit of forefeited shares account. Case 2: When the shares were originally issued at a discount and now are reissued at discount The... read more

Case 1: Originally issued at par or premium but now re issued at a discount

The maximum amount of discount should be less than or equal to the amount standing to the credit of forefeited shares account.

Case 2: When the shares were originally issued at a discount and now are reissued at discount

The maximum amount of discount should be less than or equal to the amount credited to Forefeited shares account and the original discount together.

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