A private Limited Company is issuing 1,00,000 shares at a premium. Shares are of Rs.10/- each and premium is Rs.54/- per share. I wish to confirm if the stamp duty to be paid on issue share certificates is to be paid on Rs.10,00,000 or Rs.64,00,000.
The issue of shares is being done at Mumbai.
stamp duty on share certificate is paid on issue price of securities
on the number of shares multiplied by Issue Price
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