Stamp duty on issue of bonus shares by private company

Desai (CS) (329 Points)

04 November 2016  

Hello ,

Stamp duty on issue of Bonus shares by private Company 

 

Please suggest how to pay the stamp duty as the number of allotees are more than 10 and amount works out for most of the allottees are below  Rs.1/- (i.e  15 paise ) (e.g -5 shares –bonus 3:1-total bonus shares -15-value –fv-10/- Rs.150 –(0.1 % on 150 = 15 paise)

Amount of stamp duty to be paid is ranging from  min.15 paise to max.Rs.2550/- total 6400/-

Please suggest how to pay such minimum amount of stamp duty  urgently .