Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Stamp duty on Share certificate

1785 views

Save Share

Join Us Follow Us Add as Source

Anchal talwar

Company Secretary

80 Points Posted on 17 January 2011

Dear Members

Good morning

Plz suggest

Facts

1.Pvt Ltd. company held its meeting in delhi for allotment of shares to the subcribers to the MOA

2.Rate of Stamp duty in delhi is 0.1% of consideration.Shares held by A and B -5000 each of rs. 10/- each.

3.Now my question is i have to pay stamp duty of Rs. 50 each.Should i paste 50 revenue stamps on shares certificate or should i attached separate sheet n paste stamps on that.

4. plz suggest what should i follow.

thanks in anticipation

Anchal

Replies (7)

Anchal talwar

Company Secretary

80 Points Posted on 17 January 2011

Senior Members please help.....waiting for your valueable suggestion.

Anchal

nidhigoel89

Company Secretary

565 Points Posted on 17 January 2011

Hello!

As per my view u should attach the revenue stamp on the share certificates and cancel them further.

Regads

Nidhi

Suresh Savaliya

133 Points Posted on 17 January 2011

Nidhi is right. Further revenue stamp is generally available in denomination of Rs. 1. accrdingly you can attach a sheet to certificate to facilitate affix revenue stamps.

suresh