Share certificate

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 ,