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Stamp duty on allotment shares through right issue
stamp duty on allotment shares through right issue- unlisted private company
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For right issue read section 62 (1)(a)of companies act
and regarding stamp duty as stamps duty payable on share is not mentioned under union list hence the states has power to impose stamp duty
and regarding stamp duty as stamps duty payable on share is not mentioned under union list hence the states has power to impose stamp duty
Company registered under Andhra Pradesh state
Then as per the Andhra Pradesh state
Check the state portal
There is no stamp duty on allotment of share. stamp duty attracts only at the time of increase of authorised capital and issue of share certificate.
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