Stamp duty on share certificates
This query is : Resolved
Anu Chowdhary
(Querist)
08 October 2013
Dear Sir/Mam
I have a client co. whose registered office is in Noida, Uttar Pradesh.
Please tell me the procedure of stamping of share certificates and what amount of stamp duty is required to pay on Rs. 100000 capital (10,000 equity shares of Rs. 10 each)in U.P and what documents are required to submit with the department if the company is a newly incorporated company.
Please help me.
I have a client co. whose registered office is in Noida, Uttar Pradesh.
Please tell me the procedure of stamping of share certificates and what amount of stamp duty is required to pay on Rs. 100000 capital (10,000 equity shares of Rs. 10 each)in U.P and what documents are required to submit with the department if the company is a newly incorporated company.
Please help me.
Ajay Mishra
(Expert)
08 October 2013
Hi
Firstly you confirm that from where the share certificate is issued or where the Board Meeting for issue of share certificate is held.
A sum of Rs. 1/- per share certificate as prescribed under Schedule I-B of the Indian Stamp Act, 1899 as applicable in the states of (U.P.).
Firstly you confirm that from where the share certificate is issued or where the Board Meeting for issue of share certificate is held.
A sum of Rs. 1/- per share certificate as prescribed under Schedule I-B of the Indian Stamp Act, 1899 as applicable in the states of (U.P.).
Anu Chowdhary
(Querist)
09 October 2013
Hello Sir
The first board meeting in which the allotment of shares was made held at the registered office of the company i.e at Noida (U.P.)
The first board meeting in which the allotment of shares was made held at the registered office of the company i.e at Noida (U.P.)
Ajay Mishra
(Expert)
09 October 2013
You are talking about subscriber allotment.
Anu Chowdhary
(Querist)
09 October 2013
Yes sir. The company is a
newly incorporated company
newly incorporated company
Ajay Mishra
(Expert)
09 October 2013
You will only issue Share certificate with Rs.1 revenue stamp on such certificate.
I also follow the practice.
I also follow the practice.
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