Resolution for surrender of Shares

This query is : Resolved 
 

(Querist)
25 April 2011

Can anyone please provide me the resolution for surrender of share.


Regards

Devangi Shah


B.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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