When full payment is received on the company’s shares, these fully paid-up shares can be converted into inventory. The partially paid-up shares were never converted into inventory. could. Inventory refers to the aggregate amount of paid-up shares which can then be divided into smaller pieces of any amount, so as to transfer any amount of shares.
Like shares, stock has no nominal value. Therefore, there can be any number of aggregates in one vibration and the value of each can be different. No company can issue inventory in the very beginning. Just as fractions are converted into inventory, similarly inventory can be converted into fractions again. If a company has converted shares into stock or into stock, it must inform the Registrar about it within 30 days of doing so.