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Resolution for surrender of Shares

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(Querist)
25 April 2011 Can anyone please provide me the resolution for surrender of share.


Regards

Devangi Shah
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 April 2011 Surrender of shares are valid only when Articles of association provides for the same.

There is no specific provision in Companies Act,1956 for surrender, though section 100 of the said act attracts indirectly since surrender leads to reduction of capital.
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