stamps to be affixed on share certificate

This query is : Resolved

SWAPNIL B PATOLE (Querist)
Follow

23 December 2010 My Co. is Public ltd. Maharashtra. Face value of Share rs. 10 & Premium Rs. 10. The Stamp affix to share certificates are of Rs. 10/- Pls. tell me is it excess stamp duty paid??
I think Stamp to be affix should be of Rs. 5/-

Ajay Mishra

Ajay Mishra (Expert)
Follow

23 December 2010 If the stamp duty is Rs. 10 then you will pay the same.

For transfer of shares:

25 paise for every Rs. 100 or
part thereof (approx. 0.25%)

Rasesh

Rasesh (Expert)
Follow

23 December 2010 Please refer the rates of stamp duty on share certificates as per the Bombay Stamp Act.

to the best of my knowledge it is Re. 1 for every Rs. 100/- of market value. hence if the MV is Rs. 20/- the stamp duty is Re. 0.20

If many certificates are to be issued, the best way is to pay consolidated stamp duty.

udit sharma

udit sharma (Expert)
Follow

23 December 2010 Undoubtedly agreed with Expert Rasesh!

SWAPNIL B PATOLE

SWAPNIL B PATOLE (Querist)
Follow

28 December 2010 Thank you all.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aniruddha Mody

Rampal Saini

Jitin Aditya Kapur

Amirthalingam

George Innocent

Subscribe Now

stamps to be affixed on share certificate

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA