Hi,
we have urgent requirement.
Query relevant to the Partly paid Shares.
In case of public issue, company paid INR5/- out of 10/- Value
Face value INR 10/-
Partly Paid Shares INR 5/-
On this stocks, premium was paid.
Total amount of Paid INR 5/- for each share @ 1000 Shares
Premium on Face value INR 100/-
On INR 5/- client was paid INR50/- premium
This data was stored in legacy system
Premium amount @ INR50/- will be posted separately in to GL Accounts.
How to handle this?
IF new product is required, what are the steps to be followed.
Please advice me ?
with regards
raju