FORFEITURE OF SHARESVS SURRENDER OF SHARES
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Answer / 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 |
Answer / husna
Forfeiture of shares refers to cancellation of shares by
the company issued to the shareholders for non-payment of
money called upon shares.
Surrender of shares refers to voluntary act by the
shareholder to the company.
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / sharad garg
While Forfeiture is punitive in nature, Surrender is a
voluntary action by the shareholder who is not able to pay
the amount being called on shares by the company whose
shares are held by him.
| Is This Answer Correct ? | 27 Yes | 7 No |
Answer / mukesh kr. singh
if any shareholder fails to pay the amount due on allotment
or on any call withinthe specificed period, the derictors
may cancel his share. this is called foreiture of shares.
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / nishchay verma
forfeiture is the method of cancelling the shares of the share holder who had not paid the money alloted on shares in the situation when the director of the company may cancel his shares ...
whereas on the other hand surrender of shares is the situation in which the share holder himself realises that he is unable to pay the amount on shares being purchased by him... so he wants to cancel them... this situation is called surrender of shares.....
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / raghavendra reddy
forefeiture of shares is cancelling the the shares alloted to the allotees or share holders the shares alloted to them in case they are not able to pay the amount to be paid to the company during the initial allotment of the shares or subsequently when the call money option is used by the company
company gives 14 days time to pay the amount once they call for money, before the shares are forfeighted
| Is This Answer Correct ? | 6 Yes | 2 No |
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