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How are forfeited shares handled when they are reissued at a discount?

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Important Questions on Accounting for Share Capital

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What is meant by ‘Over subscription’ and ‘Under subscription’? How are these dealt with in accounting records?
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What is meant by the term ‘share’? What types of shares can be issued under the Companies Act, 2013?
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What is the process for recording share issuance transactions when payments are received in installments?
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What is the forfeiture of shares? What is the accounting treatment for the forfeiture of shares?
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For what purposes can a company use the amount of Securities Premium?
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How is the capital reserve calculated when forfeited shares are reissued?
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What are the main categories in which the share capital of a company is divided?
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How is the forfeiture of shares accounted for when shareholders fail to pay calls?
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What are preference shares? What are the different types of preference shares?