Dear All,
In case of allotment of shares by private placement do we need to pay stamp duty?? if yes what amount and in how many days ?
Pratik Shah
(Practising Company Secretary)
(4432 Points)
Replied 13 April 2016
Stamp Duty is paid on Issue of Share Certificate and not on 'Allotment of Shares'. Stamp Duty on Share Certificate shall be paid at a rate prevailing as per different states stamp acts
Dhara
(Company Secretary)
(298 Points)
Replied 13 April 2016
Can u plz guide me the procedure for payment of stamp duty on issue of share certificate ?
Pratik Shah
(Practising Company Secretary)
(4432 Points)
Replied 14 April 2016
It depends on State to State. Some states have online method, some states have offline method. Some states have both.
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