Stamp duty on partly paid share certificate

SANTOSH SHAH (Company Secretary) (754 Points)

23 January 2012  

Dear Members

I have a query.

'A' Company has made full allotment of 5 lakh Shares to 'B'Company but the amount  is partly paid up (Rs.10/- face value - Paid up rs.5/- & balance Rs.5/- to be called in future) .

The Stamp duty on share certificate be paid in this case at one go or twice as they are partly paid ??

This is for state of karnataka. Is there any specific provisions under the act which states that stamp duty can be paid partly??

Please advice