HOW TO PAY STAMP DUTY FOR SHARE CERTIFICATE OF MOA SUBSCRIBERS

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HOW TO PAY STAMP DUTY FOR SHARE CERTIFICATE OF MOA SUBSCRIBERS
 

  I have incorporated a new private limited company. As per the rule I have to issue and pay the stamp duty within 60 days from the date of incorporation.

Reg office address is in Bardhaman, West Bengal.

My company have two directors both are the subscribers of the MOA & AOA. 

ADT-1, Commencement of Business already filed, both the directors already deposited the share amount in bank. Now we have to issue the share.

I want to know

Q 1) subscriber Director 1 have INR 75000 share and other subscriber Director2 have INR 25000 share.

Now can I issue 3 share certificates to the First subscriber and

2 share certificates to second subscriber as follows

Folio No.

Name of the Subscriber

Number of Equity Shares
(Face value INR 1 each)

Distinctive Numbers

Certificate Number

Amount (INR)

FROM

TO

1

Director 1

30000

00001

30000

00001

30,000

1

Director 1

25000

30001

55000

00002

25,000

1

Director 1

20000

55001

75000

00003

20,000

2

Director 2

15000

75001

90000

00004

15,000

2

Director 2

10000

90001

100000

00005

10,000

 

TOTAL

100000

 

 

5

1,00,000


 

Q 2) How much STAMP DUTY have to pay for share capital One lakh (75000+25000)

Q 3) How to pay the STAMP DUTY. Where should I go to pay the STAMP DUTY. I can not find the office. I visited the registry office but they said they do not know about this. ***

Please help me.

Replies (1)

Yes, you can issue share certificates as per your wish and w.e.f 1st July 2020 the stamp duty on issue of share certificates is 0.005% of the issue price.

You can pay the stamp duty by franking at sub-registrar's or check wbregistration.gov.in (for West Bengal) 


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