Accountancy, asked by benizzee, 10 months ago

what is meant by surrender of shares?​

Answers

Answered by Cutetty
4

Answer:

Explanation:

Surrender of shares means the return of shares by the shareholder to the company for cancellation. Holder in this case voluntarily abandons all his shares in favour of the company. A mere refusal to take up newly issued shares, to which a shareholder is entitled to, is not a surrender of shares.

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