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
Senior Members please help.....waiting for your valueable suggestion.
Anchal
Hello!
As per my view u should attach the revenue stamp on the share certificates and cancel them further.
Regads
Nidhi
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
Nidhi
I am of the same view that I have to attach 50 revenue stamps of Re. 1 on share certificate.is there mandatory to cancel them???
Yes mandatory to cancel them
Hi.. Anchal
It is mandatory to cancel them...!!
:-)
Thanks Everybody for the help.
anchal
CAclubindia
