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Zorluk: KolayForfeiture and Re-issue of Shares

Kalu Nigeria Limited forfeited 500500 ordinary shares of ₦1.00₦1.00 each held by a shareholder for non-payment of the final call of ��0.30��0.30 per share. What is the maximum discount per share the company can legally grant upon re-issuing these forfeited shares?

  1. A
    ₦0.30₦0.30
  2. ₦0.70₦0.70Cevap
  3. C
    ₦1.00₦1.00
  4. D
    ₦0.40₦0.40

Cevap

The maximum discount per share allowed on re-issue is ₦0.70₦0.70.
The maximum discount that can be allowed on the re-issue of forfeited shares is equal to the amount already paid up on those shares before forfeiture. Since the nominal value is ₦1.00₦1.00 and the unpaid call is ₦0.30₦0.30, the amount already paid (and thus forfeited) is ₦0.70₦0.70 per share.

Adım Adım Çözüm

1
Calculate the amount paid up per share prior to forfeiture
Amount paid = Nominal value (₦1.00₦1.00) - Unpaid call (₦0.30₦0.30) = ₦0.70₦0.70
Shares were forfeited after paying up all amounts except the final call.
2
Determine the maximum permissible discount on re-issue
Maximum discount allowed per share = Amount forfeited per share = ₦0.70₦0.70
By accounting rules and statutory principles, the discount granted on the re-issue of forfeited shares cannot exceed the amount already forfeited on those shares.

Anahtar Kavram

Maximum discount allowed on reissue of forfeited shares
Tahmini Süre:45s
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Konular

Forfeiture and Re-issue of Shares

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