The Company is increasing its Authorised Captial from 29 lacs to 18 Cr.
What would be the stamp duty to be paid?
Can anyone please share the Stamp Duty Calculator.
The Company is being Registrered in Mumbai, Maharashtra.
As per the Rates defined by roc for maharashtra its says
Stamp duty shall be Rs. 1000 on every Rs.5 Lakhs of amount of increase in authorised capital.
As mentioned above the Stamp duty works out to Rs. 354200/-
I have filled up the Form 5 and ready for uploading the same. but while prescrutining the form it prompt an error stating the Stamp Duty mentioned in the Form is incorrect as per the increased in authorised Capital from 29 lacs to 18 cr.
18 February 2012
Dear Sir, Kindly take a note that total stamp duty for this purpose will be Rs.3,55,000/- only.
Reason: Stamp duty shall be Rs. 1000 on every Rs.5 Lakhs of amount of increase in authorised capital or part thereof subject to a maximum of 50 Lakhs of stamp duty.
Given case: A) 18,00,00,000/- minus 30,00,000/- devided by 5,00,000/- multiplied by 1,000/- is equal to Rs.3,54,000/-
B) and Rs.1,000/- for (30,00,000 minus Rs.29,00,000/- one more slab of Rs.5,00,000.)
Total Stamp duty A) + B) (35,40,000 +1,000 = Rs.3,55,000/-)
However, shall you have any questions please feel free to call or mail us, we would be more than happy to address your doubts or queries if any.
Thanks & with warm regards !
For, Ladda Bhutada & Associates
CS Pramodkumar R. Ladda (Partner) Cell No. 9922735476 / 9595271145 Company Secretary
PUNE OFFICE: Flat No. 11B, Prasham Apartment, SR.No. 58, Near Lakheri Maruti Mandir,Rasta Peth, Pune 411011 MUMBAI OFFICE: 58, Gamma,1st Floor, Goa Mansion,Goa Street, Fort, Mumbai 400001
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