FORFEITURE OF SHARES SURRENDER OF SHARES

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. NoPointsForfeiture of SharesSurrender of Shares
1.MeaningIt means compulsory termination of membership by confiscating (take away) shares.It is return of shares voluntarily by the member to the company.
2.PurposeForfeiture is a penalty to member for non-payment of the amount of call.Surrender is done to cut the long procedure of forfeiture.
3. ActionCompulsory action.Voluntary action.
4.NatureForfeiture is done in case of partly paid sharesSurrender is done in case of fully or partly paid shares.
5.ProcedureLengthy in case of forfeiture of shares.

Easy and simply  to surrender.

Leave a Reply