Stamp duty on share certificaetes

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Armaan Bansal (Querist)
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06 September 2012 Dear all,
company is having registered office in delhi and hold the board meeting in gurgaon and issued share certificates in gurgaon in that board meeting, now where stamp duty will be paid? and will it be adhesive stamp or revenue stamp? and what is penalty?

pls answer this query fast,urgent.

Regards,
Mohit

Ajay Mishra

Ajay Mishra (Expert)
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06 September 2012 Hi

If your company corporate office is in Gurgaon or your most Board Meeting is held in Gurgaon, then you can take the benefit of paying stamp duty in Gurgaon otherwise you will pay duty in Delhi.

In gurgaon revenue stamp is applicable and penality is maximum 10 time of duty.

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