Resolution for surrender of Shares
This query is : Resolved
25 April 2011
Can anyone please provide me the resolution for surrender of share.
Regards
Devangi Shah
Regards
Devangi Shah
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.
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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