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What is paidup capital?
The amount of a company's capital that has been funded by shareholders. Paid-up capital can be less than a company's total capital because a company may not issue all of the shares that it has been authorized to sell. Paid-up capital can also reflect how a company depends on equity financing.
What is the formula of asset backing ratio?
Book Value of Shares divided by paidup Valur of Shares.
What happens to my paidup additional life insurance if I cash in my policy?
The paid up life would have it's extra cash value too, so if you cashed it in for the cash value, there would be no more paid up life either.
Why does a company become a subsidiary company and a holding company?
A company will be called a subsidiary/holding(sebtion-4 of companies act,1956)- if a company holding a company of another i.e it may be of (i).where the other company controls the composition of its board of directors,or (ii)where the company hold more than 50 percent of paidup capital,or (iii) The company is subsidiary of the subsidiary. IS CALLED THE SUBSIDIARY COMPANY .The other than subsidiary is called holding i.e which controls the other company due to the conditions stated above
What are Dividends that are used to purchase more fully paidup life insurance coverage?
Mutual insurance companies (companies owned by their policy holders) pay dividends. Some companies may allow you to elect to use the dividend to purchase a small amount (usually around 1-2K) of "paid-up" insurance instead of receiving a check. The paid-up insurance will never require another payment and (assuming it isn't "paid-up term ins.") will be in force for the rest of your life regardless of whether your original policy is in force.
