what is surrender of shares?
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Answer / rahul sharma
Surrender of shares means the return of shares by the
shareholder to the company for cancellation voluntarily.
| Is This Answer Correct ? | 152 Yes | 20 No |
surrender implies to give up. so if a person is not
interested to continue to have what he acquired in the form
of shares from a company he just gives it back. but for
this a consideration has to pass from one person to
another. so in this case a sum of money is transacted that
is in the form of partly paid-up shares. So if a person is
not interested to pay further calls issued by the company,
he just surrenders his interest. But at the same time it
must for a valid reason. The company should also have the
power to get back. that is to say the company directors
must have the authority for this. so unless thes things are
considerd, it will not be possible to surrender.
| Is This Answer Correct ? | 44 Yes | 10 No |
Answer / nitin gupta
WHEN THE INITIATIVE IS TAKEN BY THE SHAREHOLDER OF THE
COMPANY TO TERMINATE HIS HOLDING FROM THE COMPANY BY GIVING
OR SURRENDERING HIS SHARES TO THE COMPANY IS TERMED AS
SURRENDER OF SHARES.
| Is This Answer Correct ? | 45 Yes | 12 No |
Answer / nikita
Surrender of shares refers : it is the voluntary act by shareholders to the company
| Is This Answer Correct ? | 24 Yes | 8 No |
Answer / jamshaid ali
return to shares by the shareholder to the company with his own will
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / amandeep kaur
Sometimes a shareholder her own desire gives share to the company if he feels that if he cannot pay the calls due on shares ......
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / prabhat mishra
when a shareholder gives up his shares to the company voluntarily and sacrifices all his rights,it is known as surrender of share
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / smarty
Shares are said to be surrendered when they are voluntarily given up.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / souvik pal
Surrender of share is an alternative to capital reduction in this case the shareholders volunteer to return sum of the shares back to the company along with duly signed transfer deed.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rishika
Surrender of shares means return back the shares to the company
If shareholders is not able to pay the calls
| Is This Answer Correct ? | 0 Yes | 0 No |
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