Stamp duty to be paid on shares allotment
This query is : Resolved
25 July 2015
Hi,
A public Limited Company regsitered in state of NCT Delhi,increased its authorised capital on which stamp duty had already been paid simultaneously with form SH-7 online on MCA -21. Now wants to allotment of additional shares to share holders.
My querry is:-
1)Whether Company has to pay stamp duty on additional shares to be allotted to Shareholders?
2) if yes What is procedure?
Manoj Karna
A public Limited Company regsitered in state of NCT Delhi,increased its authorised capital on which stamp duty had already been paid simultaneously with form SH-7 online on MCA -21. Now wants to allotment of additional shares to share holders.
My querry is:-
1)Whether Company has to pay stamp duty on additional shares to be allotted to Shareholders?
2) if yes What is procedure?
Manoj Karna
25 July 2015
Yes..you will have to pay stamp duty on Share Certificates. It is 0.1% on the value of shares in Delhi.
Actually, I do not have detailed idea about method of paying stamp duty on Share certificates in Delhi, but I think you can do franking over it.
Actually, I do not have detailed idea about method of paying stamp duty on Share certificates in Delhi, but I think you can do franking over it.
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