Stamp duty on share certificate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2012
Hello Friends..
If Company not issue share certificate on the date of Incorporation and within prescribed time limit and not paid stamp duty as per applicable law and after two years if company wants to issue share certificate than how the stamp duty should be payable and what is penalty should be charge for let payment of penalty. The company registered under ROC Gujarat.
If Company not issue share certificate on the date of Incorporation and within prescribed time limit and not paid stamp duty as per applicable law and after two years if company wants to issue share certificate than how the stamp duty should be payable and what is penalty should be charge for let payment of penalty. The company registered under ROC Gujarat.
Ajay Mishra
(Expert)
10 June 2012
Hi
Section 113 of the Companies Act, 1956 says that share certificate should be issued with in 3 month from the date of allotment.
So when u issue share certificate it should be properly stamped as per your state stamp duty.
The penalty will be maximum up to 10 time of stamp duty payable.
Regards
Section 113 of the Companies Act, 1956 says that share certificate should be issued with in 3 month from the date of allotment.
So when u issue share certificate it should be properly stamped as per your state stamp duty.
The penalty will be maximum up to 10 time of stamp duty payable.
Regards
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