Answer Posted / 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.....

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