What is the Time Limit or in how many years should the forfeited shares be reissued? if at all there is a time limit?
Please let me know as the shares of my company were forfeited in the year 1996-97. So can those be reissued now?
1 Replies
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 16 August 2012
Shares are forfeited in case the shareholder fail to pay the amount of the Share due to payment.
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