Forfeiture of shares refers to the cancelation of shares. On forfeiture, the company extinguishes the title of such shareholder. It also forfeits the money received on forfeited shares till the date of forfeiture. Consequently, the Company may opt for Re
Reissue of Forfeited Shares Once the share is forfeited it becomes available to the company for sale. The reissue of shares does not imply allotment of shares but merely a sale. Hence, no return on allotment needs to be filed with the registrar for such a reissue. Additionally, a forfeited ...