Allotment of shares

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shilpi Kulshrestha (Querist)
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30 August 2012 We are a private company(100% foreign subsidiary). In March,2012 we have alloted shares to our foreign holding Company.Now we are going to issue Share Certificate.Company's register office is in Delhi and Board meeting for this allotment was held in NOIDA.Now what is the procedure to pay stamp duty for this allotment?

Ajay Mishra

Ajay Mishra (Expert)
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30 August 2012 Hi

If you are allottted shares at Noida, and your regular board meeting is held at Noida, then you past revenue stamp of Rs.1 on share certificate as per article 36 of Schedule IB of Indian Stamp Act, 1899 applicable to Uttar Pradesh.

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