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. |