priyanka jain practicing company secretary

This is the common problem that several time while issuing the Securities the closely held Companies has not made the payment of Stamp Duty on issued Share certificate or Other Securities so in that Particular case there is no provision Under the Maharashtra Stamp Act for Impounding or Adjudicating the payment of Stamp In the Aforesaid situation Company needs to issue fresh Share certificate or Security  to the Shareholders or the Securityholders and make the payment of Stamp Duty in..