Change in Terms of Right issue

I don’t your first question’s answer. But the second answer is yes- partly paid can be converted into fully paid without receiving e full call money by the the company.

Partly paid up shares can be concverted into fully paid up only after capitalisizing of profits, By, the way, merging 4 partly paid shares into one is moreover on compromise and arrangement side, ie.Requires approval of NCLT.

Generally, when the offer of right issue is made and it's accepted then one is also bounded by its terms, And it's clearly mentioned in offer doc ,about forfeiture of application money, If calls not paid up ( It's also under companies act ),so contention may or may not accepted. Listed companies also need to comply with sebi regulations ..

Giving a fair idea, that variation In term of issue in any kind of fund raising activities can be done till the time issue opens, thereafter it's most difficult and possible only in deserving cases.

Disclaimer : For educational purpose only, should not be act upon it.

@ Chirag

So, for 100 @ 10/- and 100 @ 5/- (Partly paid), how do you find the capitalisation? Total 1000+500? Or will you reduce the Share to 50 @ 10? And finally market cap= 1000+500? 

Txs

No Party paid up shares are not included in market up, generally what happen, Such shares will be listed with separate ISIN and may be traded by holders until call is not demanded ,once the all exercise is complete, they will be treated as fully paid up and merge with ordinary shares.

@ Chirag

Thank you.