Conversion of fully paid shares into stock may similarly be affected by the ordinary resolution of the company in the general meeting. Notice of the conversion must be given to the Registrar within 30 days of the conversion; the stock may be changed into totally paid shares following the same procedure and notice given to the Registrar in Form no 5. In this connection, the following provisions are important :
The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.