Can you transfer shares that are not fully paid?

Yes, both unpaid shares and partly paid shares can usually be transferred to a new shareholder (subject to the company’s Articles of Association).

Can we sell partly paid share?

Yes, you can sell partly paid shares before the call date. Are partly paid shares tradable in the market? Yes, partly paid shares can be traded in the markets until they are suspended two days before the record date.

What is the difference between Reliance and Reliance PP?

Reliance PP share is partly paid up shares of reliance. Only difference between Reliance and Reliance-PP share is Reliance PP share is reliance right issue share and Reliance-PP share has a pending payment of Rs 942.75 (Rs 314.25 has to be paid in May, 2021 and Rs 628.50 in November, 2021).

Can a shareholder gift shares back to company?

Gift shares to the company The shareholders could gift their shares back to the company, for no payment or consideration. Since these shares are a gift, the company need not comply with the formalities required to purchase its own shares. All that is necessary is a stock transfer form to transfer legal title.

How do I transfer partly paid shares?

In case the application made by the transferor is for partly paid shares, the company has to duly notify the amount due on shares/debentures to the transferee. Also, a no objection from the transferee is required within two weeks from the date of receipt of the said notice.

Will there be two Reliance shares in the stock market simultaneously?

Therefore, the shares will trade as partly paid shares with a separate ISIN number. Only when all the tranches of the rights issue are full paid will the shares start trading at par with the existing RIL shares. Effectively, we will now have two Reliance shares simultaneously trading in the stock market viz. RIL and RIL (PP).

What happens to your shares after the suspension of reliance pp?

If you continue to hold the shares after suspension, you will have to pay Reliance Industries Rs. 314.25 per share to get the new Reliance PP shares. The record date for the first call of Reliance PP is 12th May 2021. Click here for a video explanation of the Reliance PP first call.

When will Reliance shares start trading at par with RIL shares?

Only when all the tranches of the rights issue are full paid will the shares start trading at par with the existing RIL shares. Effectively, we will now have two Reliance shares simultaneously trading in the stock market viz. RIL and RIL (PP).

What happens if Reliance Industries call money is not paid?

Reliance Industries may forfeit your shares and levy interest on the amount you owe if you fail to pay the call money. The call money can be paid through the Registrar’s Portal using the below-highlighted option: You can pay the call money between 17th and 31st May 2021.