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Forfeited

Querist : Anonymous (Querist) 16 December 2011 This query is : Resolved 
If the company forfiets the share warrants,the forfeited amount should go to Capital Reserve or stands as forfeited share warrants under the head of Share Capital.Please suggest.Also please share if any section is there for the same.

Regards
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Raj Kumar Makkad (Expert) 16 December 2011
Capital Reserve is mandatory to be created in case of profit on reissue of forfeited shares.


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