| 单词 | Surrender of shares |
| 释义 | 放棄股票 The voluntary giving up of shares to the company by a shareholder. A shareholder cannot surrender shares if it involves the release of unpaid capital, that is, if it releases the shareholder from liability on unpaid shares or if the shareholder receives consideration for the surrender, since the result is an unauthorised reduction of capital and an unauthorised acquisition by the company of its own shares: Bellerby v Rowland & Marwood’s Steamship Co Ltd [1902] 2 Ch 14. Any surrender of shares, whether fully-paid up or not and whether for reissue or not, involving a reduction of capital will be unlawful unless carried out with the confirmation by the court under the Companies Ordinance (Cap 32) s 58. An exception is where the shares are liable to be forfeited in accordance with the articles anyway, in which case the company may validly accept a surrender: Trevor v Whitworth (1887) 12 App Cas 409. There is a valid surrender when new shares of the same nominal value as the surrendered shares are exchanged for those shares surrendered: Rowell v John Rowell & Sons Ltd [1912] 2 Ch 609. See also Maintenance of capital. 公司股東自動放棄公司的股票。股東不得放棄股票，如這樣做牽涉免除未繳股本，即免除股東就未繳股款的法律責任，或如牽涉股東獲得代價的放棄，這是因為其結果會是未獲授權減少股本，及公司未獲授權購買自己的股票：Bellerby v Rowland & Marwood’s Steamship Co Ltd [1902] 2 Ch 14。何牽涉減少股本的股票放棄，不論是否已繳足股款的股票及不論是否為重新發行，除非是根據《公司條例》（第32章）第58條並獲得法庭確認，否則屬不合法。有一個例外的情形是，如該等股票本來已根據章程細則可被沒收的，那麼公司可有效地接受放棄：Trevor v Whitworth (1887) 12 App Cas 409。如新股票與已放棄的股票有同樣的面值，而放棄是為交換該等新股票，則放棄為有效：Rowell v John Rowell & Sons Ltd [1912] 2 Ch 609。另見 Maintenance of capital。 |
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