What are partly paid shares?

Q. Is it possible to sell partly paid shares before the call date?

A. Absolutely. Investors have the option to sell partly paid shares before the call date.

Q. Are partly paid shares tradable in the market?

A. Yes, partly paid shares can be traded in the markets until they remain listed in the exchange platform.

Q. How and when are call payments made for partly paid shares?

A. The Registrar & Transfer Agent (RTA) of the company will provide a website link for the payment of call money. All communication from the RTA will be sent to the email ID associated with the demat account. Payments for the call money should be made from the shareholders’ bank account, as payments from third-party accounts are not eligible.

Q. What are the consequences of not making the call payment?

A. Failing to make the call payment may lead to several outcomes. Firstly, the company may forfeit currently held partly paid shares, rendering them worthless and untradable. The company might then issue new partly-paid shares under a different ISIN (International Security Identification Number).

Moreover, the company may impose interest on the unpaid amount, the rate of which would depend on the number of partly paid shares held.

Q. What happens after paying the first call to the company?

A. Once the first call payment is made, the company will allocate new partly-paid shares to clients under a new ISIN. These shares will be fully paid up to the amount already paid, including initial application money and the first call money. After the first call payment is collected, these newly allotted partly-paid shares will be listed again, allowing clients to trade them. These shares will be visible under the new ISIN in the TradeJini CubePlus holding.