Letter of Renunciation

Letter of Renunciation – This letter of renunciation is given by a particular company to the shareholders by means of which this document gives the shareholder the right to renounce his shares partly or fully. He/she can renounce the shares that he owns in favor of any third party. In  rights issue, this letter is attached to another letter which is the allotment letter that states that the person wishes to transfer to another person or simply renounce his/her rights absolutely.

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Edited and Updated 08th March 2014

 

 

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