FORFEITURE OF SHARESVS SURRENDER OF SHARES
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Answer Posted / ni.
when on non payment of money called on shares, the shares
of a holder are forfeited , it is called forfeiture... it
is a penalising action... law provides the guidelines for
carrying out this procedure........ whereas surrender is an
intentional act of the holder wen he accepts that he cant
pay the called money n hence wants to give up his holding..
law doesnt provide any guidelines for this...
| Is This Answer Correct ? | 57 Yes | 4 No |
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