WHAT ARE THE PROCEDURE IF A FORIEGN SHARE HOLDERS WANTS TO SURRENDER HIS EQUITY SHARES IN A PRIVATE LIMITED COMPANY WITHOUT ANY PROCEEDS. MEANS INTENDS TO QUIT THE COMPANY AS A SHAREHOLDER & DIRECTOR FOLLOWING LOSSES IN THE COMPANY AND THUS NOT BEAR ANY LIABILITY THAT MAY ARISE IN FUTURE.
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Surrender equity shares by foriegn national
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A director cannot leave the company without prior permission of CLB so get the resolution of the company pass on the issue of resignation and send it to CLB for permission to accept.
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