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 .
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