The shares, accordingly forfeited, may either be dropped or re-issued.

The forfeiture of shares doesn't

be ensured to reduce capital since they may be issued again. The Stock Exchanges shares are
recorded may be required to recapitulate the specifics of the shareholders who have forfeited by
company, according to Listing Agreements close by the fitting enclosures, remembering a copy of the
presentation for the papers. It It is crucial to note that, if the shares are being reissued in favour of a
present shareholder, whose name appears on the list of individuals, no further supports are required.
Regardless, where the shares are sold and The Board must get the authorization of the appropriate
stock market before re-issuing shares to those whose names are not on the current part list on which
shares are recorded and before such insurances may be re-issued, current shareholders must be
underwritten at a General Meeting. It is important that the organization and the auditors concerned
really look at the accompanying:

I. Check and ensuring that the Board of Directors passes a resolution at the meeting for
forfeiture and re-issue are accurate

II. Ensure correct bookkeeping areas for relinquishing and re-issue

III. Check and declare the Return of Allotment to be filed with the Registrar and other
Regulatory Bodies