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S
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FORFEITURE
OF SHARES
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SURRENDER
OF SHARES
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1.
2.
3.
4.
5.
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Meaning
It means compulsory termination of membership by
confiscating (take away) shares.
Purpose
Forfeiture is a penalty to member for non-payment of
the amount of call.
Difference in Action
It is a compulsory action.
Nature of Shares
Forfeiture is done in case of partly paid shares.
Procedure
The procedure is lengthy in case of forfeiture of
shares.
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It is return of shares voluntarily by the member to
the company.
Surrender is done to cut the long procedure of
forfeiture.
It is a Voluntary action.
Surrender is done in case of fully or partly paid
shares.
The procedure of surrender is simple and easy
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FORFEITURE OF SHARES SURRENDER OF SHARES
