Question : Shareholders' return of partially paid-up shares to the comapny is referred to as-
Option 1: Forfeiture of share
Option 2: Surrender of share
Option 3: Both 1 & 2
Option 4: None of the above
Answer (1)
15th Jan, 2024
Correct Answer: Surrender of share
Solution : The term "surrender of shares" refers to a shareholder's return of shares to the company for cancellation. In this instance, the shareholder voluntarily surrenders all of his shares to the Company.
Hence the Correct answer is option 2.
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