Re-issue of forfeited shares is allotment of shares but not a sale. [Jan. 2021, 2 Marks]; [MTP Jan. 2025]
Options
A
B
C
D
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Company AccountsQ-6 | Introduction to Company AccountsQuestion 5219 of 112
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Reissue of forfeited shares is treated as sale of shares not as allotment of shares.
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Re-issue of forfeited shares is allotment of shares but not a sale. [May 2018, 2 Marks]
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