Shares for which shareholders have paid the full issue price, with no further payment obligations or liabilities remaining to the company.
Fully paid-up shares refer to shares where the shareholder has paid the full amount of the issue price to the company at the time of subscribing to the shares. In a rights issue, when a company offers new shares to existing shareholders, the shares can be offered as fully paid-up or partly paid-up.
Fully paid-up shares mean that the shareholders have no further obligation to pay any additional money for those shares. These shares are fully paid and free of any outstanding liabilities.
Example: In a rights issue, a company may offer its shareholders the opportunity to purchase 100 fully paid-up shares at ₹100 each. A shareholder who exercises this right would pay the full ₹10,000 for the shares, and no further payments would be required for those shares.
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