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Asked by Suresh Last Modified
Answer 
Uma G S
Freelancer & Educator, Language , Vedic Maths, Humanities
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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