If a share of Rs. 100 on which Rs. 45 has been paid is forfeited, at what minimum price can it be reissued:

The maximum discount that can be given on reissue of a forfeited share is equal to the amount forfeited (i.e., amount already paid by the defaulting shareholder).Amount paid = Rs. 45.Maximum discount = Rs. 45.Minimum reissue price = Face value - Maximum discount = $100-45=\text{Rs. }55$.