Stamp duty - bonus issue


This query is : Resolved 

(Querist)
30 September 2011 Dear All,

Please let me know whether stamp duty is payable on bonus shares issued by Private Company?

I mean at the time of issue of share certificates of bonus issue do we have to pay stamp duty Rs. 1 for every 1000 Rs. or part thereof?

Please specify the provisions under Companies Act, 1956 or other applicable laws.

Warm Regards,

Sweta Todi
9833189497

30 September 2011 On allotment of bonus share no need to pay stamp duty. Simply file form 2 with roc.

However on share certificate you have to pay the stamp duty as per the stamp law of the state.

For example if you allot share in UP than Re. 1 stamp is enough.

RG


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