Distinguish between Forfeiture of Shares and Surrender of Shares – Point of Discussion – HSC Board– Easy way to learn and memorized – class 12th – S.P – Notes of role of secretary in capital formation – Difference between Forfeiture of Shares and Surrender of Shares , point of discussion – Forfeiture of Shares and Surrender of Shares – Role of a Secretary in Capital Formation – Secretarial Practice – Notes, & Distinguish Between – according to the New Textbook for HSC Board – Difference between, Study material, studies notes, study notes.
FORFEITURE OF SHARES SURRENDER OF SHARES
|Sr. No||Points||Forfeiture of Shares||Surrender of Shares|
|1.||Meaning||It means compulsory termination of membership by confiscating (take away) shares.||It is return of shares voluntarily by the member to the company.|
|2.||Purpose||Forfeiture is a penalty to member for non-payment of the amount of call.||Surrender is done to cut the long procedure of forfeiture.|
|3.||Action||Compulsory action.||Voluntary action.|
|4.||Nature||Forfeiture is done in case of partly paid shares||Surrender is done in case of fully or partly paid shares.|
|5.||Procedure||Lengthy in case of forfeiture of shares.|
Easy and simply to surrender.