Related to Stampduty on allotment of Shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2010 Dear all friends and seniors,
There is on Company having its Registered office at Mumbai Maharashtra.

The Company has alloted the equity shares to one of its Existing shareholders as well as to one Private limited Company.

My query is Can Company Show the allotment of Shares in Delhi and pay the same duty in Delhi instead of paying in the State of Maharashtra.

Please advise me on the above issue

Nikhil Deshpande

Rasesh

Rasesh (Expert)
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27 July 2010 There are different views in the matter. If the registered office is in Maharashtra, it would a matter of litigation if the shares are issued in Delhi. However, companies do it and avoid paying higher stamp duty.