Surrender of shares
This query is : Resolved
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?
CA Hardik Bunha
(Expert)
26 November 2012
No he will not be liable
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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