Issue of share certificates

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Nidha (Querist)
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25 June 2013 Dear All Professionals,
Kindly Guide Me,

There is a pvt Ltd company with 2 directors who are the subscibers of MOA , As we all know subscibers to MOA are deemed shareholders, but in my case those 2 directors want share certificates to be issued in their names, Kindly suggest whether franking of same required for pvt ltd co in punjab,if yes procedure for same, further is there any form to be uploaded with mca to intimate them or any other legal formality to give certificates to director shareholders,

Request you all to give your inputs

Ajay Mishra

Ajay Mishra (Expert)
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25 June 2013 Hi

You issue share certificate to the subscriber of the company with properly stamped. Before sending the same you should stamped the share certificate and then send.

The share certificate should be send with in 3 months from the date of its issue.

Nidha

Nidha (Querist)
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25 June 2013 Mr Ajay,

Kindly describe what should i do to properly stamped, the whole process of stamping how at what rate etc,

Thanx

Ajay Mishra

Ajay Mishra (Expert)
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25 June 2013
Procedure:

Stage-1 Application to SDM (Concerned Registered Office of the Company)
Stage-2 Application forwarded by SDM to Finance Secretary
Stage-3 Finance Secretary Send Note to the Governor of the state
Stage-4 After due approval Finance secretary issue an approval to SDM
Stage-5 SDM issue challan on the basis of approval
Stage-6 Amount of stamp duty deposited in bank
Stage-7 A certificate of payment of duty issued by the SDM

Ajay Mishra

Ajay Mishra (Expert)
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25 June 2013

To,
SDM
Address:

Sub: Payment of Consolidated Stamp Duty on allotment & issue of Share Certificate.

Respected Sir,

With due regard we would like to acknowledge you that Our Company incorporated on the date………….. having company No. ……………. and subsequently wants to allotte shares to the shareholders. Company decided to make consolidated payment of stamp Duty in respect of share Certificate issue to the Shareholders.

The Share allotment details are hereunder:

Type of Security No of Share Certificate Folio No. Distinctive No. Face Value of Share Total Amount Paid

For ………………..

Director/ Authorized Person

Annexture:

1. Share Certificate (Specimen)
2. Memorandum & Article of Association
3. Board Resolution authorizing allotment of Shares
4. Form-2
5. Share Holding Pattern
6. Power of Attorney to present the matter.

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