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?
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
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
