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After a company forfeits a certain amount of shares, is it legally neccesary for company to reissue the forfeited shares?????

Dear Student
The reissue of the shares forfeited is not mandatory as per the provisions of the Indian Companies Act 2013. However, if the company is in need of funds, reissue of these shares would help in raising funds without any undue expenditure and thus is preferred by most companies.
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View Full Answer
No it is not legally mecessary. If the company finds they have got less application than than they issued , and if company thinks amongst some forfeited shares then they may reissue them or by the will of the shareholder.
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