procedure for issue of shares at premium in detail
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2010
wht z the procedure to issue shares at premium in detail? hw cn we calculate stamp duty payable and other expenses likely to be incurred for the same?
Ajay Mishra
(Expert)
08 November 2010
Hi
Payment of stamp duty is depend on the state in which allotment was made.
Regards
Payment of stamp duty is depend on the state in which allotment was made.
Regards
20 November 2010
For issue of shares at premium there are certain condition that is required to complied with -=
1 the said company must be an year old
2 company should not be default in payment of creditors / filling statutory return / making statutory contribution / and should not violated any act for protection of minority share \holders
3Memorandom of the company must contain the same matters
4 a appropriate resolution must need to be passed in order to make it validate
5 stamp duty is need to paid on the balance of increased capital that varies from state to state ,coz stamp duty is state concern
IF you want further clarification you can put a question .
For issue of shares at premium there are certain condition that is required to complied with -=
1 the said company must be an year old
2 company should not be default in payment of creditors / filling statutory return / making statutory contribution / and should not violated any act for protection of minority share \holders
3Memorandom of the company must contain the same matters
4 a appropriate resolution must need to be passed in order to make it validate
5 stamp duty is need to paid on the balance of increased capital that varies from state to state ,coz stamp duty is state concern
IF you want further clarification you can put a question .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Import of Software Service.
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
