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Stamp duty

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Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 Sir,

In Pvt Ltd company, If the share transfer form is duly executed with share certificate for transfer and also the stamp duty is paid according 25paise but the seal of company's register office is wrong then can this share transfer be cancelled?

I mean to say register office when transfer of share has been shown was Vadodara and later after three months it had been changed to Ahmedabad, then the seal of company on transfer form with stamp duty should be of vadodara and not of ahmedabad. then this transfer can be cancelled because no form-7c has been applied for late transfer.

Please reply,

Aditya Maheshwari

Aditya Maheshwari (Expert)

19 September 2011 The stamp of city should be the one on the day on which the transfer form was signed and when share certificate was issued the common seal should be of that city only.

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