stamp duty

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2011 Hello..........
can anaybody pls tell me what are the consequences of non payment of stamp duty on issue of share certificate by closely held company? How to avoid that?Ours is closely held company and non profit making company

udit sharma

udit sharma (Expert)
Follow

21 January 2011 Share Certificate issued without the payment of stamp duty @0.1% of the value of the shares(including premium) shall not be valid.

Experts ur opinion????

God Bless

CS Udit Sharma

Jayashree S Iyer

Jayashree S Iyer (Expert)
Follow

21 January 2011 Dear Udit,

Share certificate is issued to the shareholders by the company. If it is issued without stamp duty it's the fault of the company. Why will the genuine and bonafide shareholder suffer for the fault of the company? The Stamp Act must contain some penal provision for the company issuing without paying stamp duty.

Other experts please share your views.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

nandeesh mashyal

Sivashankary Sivaramakrishnan

tsrandcompany@gmail.com

Tanishka Khandelwal

Krishnan V

Subscribe Now

stamp duty

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA