procedure for issue of shares at premium in detail

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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

Ajay Mishra (Expert)
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08 November 2010 Hi

Payment of stamp duty is depend on the state in which allotment was made.

Regards

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)
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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 .

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