Stampduty on Share Issuance

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Chartered Accountant
23 Points Posted on 28 October 2020

- Is the Stampduty for certificate issuance applicable for Initial Shares issuance to First subscribers?

- If yes; what are consequences of shares issued without paying the stampduty and what is the way-out?

- If the shares are lost; is the stampduty applicable on the duplicate shares issued to the shareholder?

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On 28 October 2020 at 22:26 Report
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473 Points Posted on 30 October 2020
Yes stamp duty payment is applicable on shares issued to subscribers. If you will not pay then you will be receiving notice from SDM for non compliance. You need to pay penalty in that case.

For issuance of duplicate share certificate stamp duty is not required to pay.
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On 30 October 2020 at 16:43
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delhi
720 Points Posted on 31 October 2020
Penalty imposed upto 10 times of duty. if share lost them follow the process of duplicate share.
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On 31 October 2020 at 01:57
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37 Points Posted on 12 December 2020
Is there any stamp duty payable allotment of shares through right issue? unlisted private company
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On 12 December 2020 at 17:42

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