Explain the following term/concept.Surrender of Shares – InterviewSolution

1.	Explain the following term/concept.Surrender of Shares
Answer» This means the voluntary return of shares by the member to the company for cancellation. Surrender of shares is allowed only if there is no other option but to forfeit the shares. Only partly paid-up shares can be surrendered. Surrendered shares can be surrendered when a company provides for such surrender of shares.

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