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ISSUE OF SHARES. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCISSUE OF SHARES.1 Mark
Question
What is letter of renunciation?
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Answer

Letter of renunciation is a formal document which is filled by existing shareholding stating that he is transferring some or all rights to buy Right Shares to another person then this letter is submitted to the company. In case of right issue only, letter of renunciation is submitted by shareholder.

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