Stamp duty on share certificate
Querist : Anonymous
Stamp duty will be decided on the basis of place where the allotment has been made. The share certificate will also be issued in a place where the allotment has been made. So no confusion should be between allotment and issue of share certificate.
Querist : Anonymous
And the allotment is deemed to be made at the place where Board meeting was held.
So the place of Board Meeting is the deciding factor of stamp duty.
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