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Stamp duty

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(Querist)
08 January 2011 should a company has to pay any stamp duty at the time of allotment of shares?
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B R Ramesh

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B R Ramesh (Expert)
08 January 2011 Yes

when the stamp duty to be paid for the share certificate issued to the share holders.
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monika chechani

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monika chechani (Querist)
08 January 2011 Let me know how much stamp duty is payable at the time of issuing share certificate??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 January 2011 Varies from state to state. To be determined as per the respective state stamp act. For example in Delhi,rate of Stamp Duty to be paid is Re. 1 per Rs. 1000/-

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