Fully paid up shares are those for which no outstanding amounts are due. All monies due to the company for the equity it has issued have been paid in full. For example, a company which has issued shares to the value of £100 has received the full £100 for them.
Full stock is a stock with a par value of $100 per share. A full stock issue can be either a preferred share or common share, although for practical purposes today par value of common stock is set at zero or at a price very close to nil.
Only fully paid up shares can be bought back. > Time limit: Buy-back should be completed within 1 year from the passing of Special resolution or Board Resolution.
If a member receives company shares but does not pay any of the required nominal value (and premium) to the company, the shares are ‘unpaid’. If some of the nominal value (and premium) is paid to the company, those shares are ‘partly paid’. … A company may make a ‘call’ on shares at a later date.
What does fully paid mean?
: paid for at full face value with no further money due from the stockholder.
The main reason for forfeiture is where a call payment has been requested by the company on unpaid (or partly paid) shares and the shareholder has failed to pay the amount due.
Do you have to buy an entire stock?
The good news is that you don’t have to buy an entire share at a time. A strategy called “fractional investing” allows you to purchase portions of a share.
Dividends are usually paid in the form of a dividend check. … The standard practice for the payment of dividends is a check that is mailed to stockholders a few days after the ex-dividend date, which is the date on which the stock starts trading without the previously declared dividend.
Once shares have been forfeited, generally, the shareholder loses all rights under them and if the share was partly paid, has no right to recover the amount already paid to the company. The forfeited shares are then deemed to be owned by the company from the date agreed by the directors.
Limits under Buy-back
Further, buy-back of equity shares by a company in any financial year cannot exceed 25% of its paid-up equity capital.
The company is offering one new share for every two shares held by the shareholder. The market value of the share is Rs. 240 and the company is offering one share of Rs. 120 each.
…
Price of rights shares.
| Market value of the shares already held by shareholder (Rs. 240 x 2 shares) | Rs. 480 |
|---|---|
| Total shares (3 shares) | Rs. 600 |
What is the significance of “Subscribed and not fully paid up” share capital? I guess “Subscribed and not fully paid up” means share are subscribed but full value of shares is not paid. For e.g. if share value is 10/- then say 6/- is paid. Remaining amount needs to paid later i.e 4/-.