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Partly paid share.

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(Querist)
09 June 2012 Can a Private Limited company issue party paid share.
Please also gives reference of your answer.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
16 June 2012 Company does not issue partly paid up shares, untill it is fully paid it is partly paid up and as soon as the full call are being made and amount is received, shares are fully called and paid up.

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