% of Franking amount on issue of share cerificate ?
This query is : Resolved
CA Vinay Dixit
(Querist)
16 December 2010
can anybody tell me if any private ltd.co which is a subsidiary of foreign co. & situated at Mumbai.if Subsidiary co. issue any share cerificate to any foreign investor than how much franking charges company has to pay.if franking is not done than what could be consequences?
Ajay Mishra
(Expert)
16 December 2010
Hi
Its depend on State to State.Clarify in which state you have issued shares.
Its depend on State to State.Clarify in which state you have issued shares.
CA Vinay Dixit
(Querist)
16 December 2010
my company is situated in Mumbai So what is a Franking charges i will have to pay?pls give me detail explanation
thanks
thanks
19 December 2010
The stamp duty is 1% of the market value of the shares issued. There are no additional charges for franking.
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