Payment of stamp duty on issue of shares
This query is : Open
07 August 2010
A private limited company was converted into public ltd. company in the year 2004 having its registered office in delhi. As per the provisions company will issue new share certificates after conversion.
kindly tell me the rate of stamp duty to be paid on issuance of such share certificates..
kindly tell me the rate of stamp duty to be paid on issuance of such share certificates..
Ankur Garg
(Expert)
07 August 2010
Hi Mayuri,
There is no need or compulsion to issue new share certificates to the shareholders after conversion or change in status.
Your old certificates are perfectly fine. You may do 1 thing. Prepare stickers of new name and send them to shareholders for pasting on the certificate.
Regards
There is no need or compulsion to issue new share certificates to the shareholders after conversion or change in status.
Your old certificates are perfectly fine. You may do 1 thing. Prepare stickers of new name and send them to shareholders for pasting on the certificate.
Regards
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