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Surrender of shares

This query is : Resolved 
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(Querist)
26 November 2012 plz anyone let me know that in case of surrender & forfeiture of shares whether defaulter shareholder will liable to pay unpaid calls?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
26 November 2012 No he will not be liable
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
27 November 2012 After forfeiture the defaulter shareholder will no longer the shareholder of the company all his rights and liabilities have been forfeited, therefore he would not require to pay any unpaid call.
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