Define: Letter Of Renunciation

A letter of renunciation is a formal document in which an individual voluntarily gives up or relinquishes a right, claim, title, or privilege that they are entitled to or have been granted. This could include renouncing inheritance rights, citizenship, membership in an organization, or any other legally recognized entitlement. The letter typically contains the individual’s explicit statement of renunciation, along with the reasons for their decision and any relevant details or conditions. Once the letter of renunciation is submitted or accepted, the individual is no longer entitled to the right, claim, or privilege they have renounced, and their decision is generally irrevocable. Letters of renunciation are often required to be in writing and may need to be notarised or witnessed to be legally valid.

A letter of renunciation is a form in the style of a letter signed by the holder named on an allotment letter who wishes to renounce his/her right to the shares specified in the allotment.

The letter of renunciation is addressed to the company’s directors and tells them of the named holder’s wish to renounce the allotment in favour of another named person.

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This glossary post was last updated: 29th March, 2024.