Dear All,
When should franking of the share certificate has to be done ? is it after Board Meeting date for allotment & issue or before board meeting for issue and allotment?
Regards,
Gargi
Menu
Share certificate
Replies (4)
Stamp duty has to be paid on or before execution of the instrument. Hence you should get franking done before the date of signing share certificate by the directors as mentioned on the face of the certificate.
It should be after the board meeting approval for transfer of shares
Sir,
1) Query is for allotment of shares and not for transfer of shares.
2) Even in case of transfer of shares, after approval by the Board, transfer is over. Now who has to pay duty and for what? Kindly clarify.
Thanks
Thanks for the reply ,
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
