Company was incorporated in June'18 and have not yet issued share certificates. No capital has also been invested so far, as there were no transactions in the company. My query is:
1. Now, should they issue certificates back-dated (within 2 months of incorporation). How to manage capital and stamp duty. It seems there is penalty upto 10 times of stamp duty in case of delay.
or
2. If they issue share certificates with current date, what are the consequences?
Where and how much to pay as stamp duty for Maharashtra.
CAclubindia
