increase in authorised share capital of a pvt ltd co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2010
from which route a pvt. co. should go to increase its authorised share capital so that lesser amount of stamp duty is payable i.e. whether it should bring bonus issue, right issue or resort to some other way?the co. is incorporated in delhi/ haryana.
Aditya Maheshwari
(Expert)
04 November 2010
In any of the ways the authorised capital of the company would increase. If u issue shares at premium lesser stamp duty is required for increase in authorised capital.
Ashish Gaggar
(Expert)
05 November 2010
Yes Aditya Maheswari is right. The only way to avoid increase authorised capital is Issue of Shares at a premium. Higher the premium, Lesser the No of Shares to be issued
Ajay Mishra
(Expert)
08 November 2010
Hi
Stamp duty will be paid @0.15% of the increases authorised capital of the company, whether it issue shares at premium, bonus shares or right issue.
Regards
Hi
Stamp duty will be paid @0.15% of the increases authorised capital of the company, whether it issue shares at premium, bonus shares or right issue.
Regards
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