We have a company registered in Dehi. We have issued share certificates to share holders from our Amritsar office.
Pls. explain whether we have to pay stamp duty as per Delhi Stamp Act or Punjab Stamp Act.
RISHI (cs) (227 Points)
22 March 2012We have a company registered in Dehi. We have issued share certificates to share holders from our Amritsar office.
Pls. explain whether we have to pay stamp duty as per Delhi Stamp Act or Punjab Stamp Act.
CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 02 April 2012
the stamp duty as per my understanding is paid as per the stamp act, which is applicable in the state where teh shares have been issued means the place where the board meeting had been held to issue the shares to the applicants
parmar gunvant jaikishan
(Jr. Accounts Executive)
(30 Points)
Replied 19 April 2012
Ours is Pvt Ltd Co. regd in UP .
We have issued Duplicate Share Certificate ( withn Regd office address on top) in a Board Meeting held in Mumbai - Maharashtra.
I would like to know ;
1. for payment of Stamp Duty, what is the basis , is it Regd office address or the place of Board Meeting in which DSC is issued.
2. The amount of Stamps to be affixed? what will be the value applicable in UP and in Maharashtra?
3. Stamps to be affixed will be - Special Adhesive Stamp / franking / normal Revenue Stamp?
3. Who can sign the Duplicate Share Certificate
Regards
Parmar Gunvant
CAclubindia
