stamp duty

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CS Abhilasha Pandey (Querist)
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21 July 2010 Hi,
Incorporation date of a company is 22nd June, 2010 in mumbai
My query is
1. When to issue Share Certificate to Subscribers i.e. issuing date of Share certificate
2. What will be the stamp duty on each share certificate if the value of share is Rs. 70,000/- .
3. How to pay the Stamp Duty i.e. mode of payment.
4. After how many days subscribers can transfer their shares.

Please reply its very urgent.

Regards,
Abhilasha Pandey

Jagruti (CS)

Jagruti (CS) (Expert)
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21 July 2010 1. Share certificate need to be issue within 3 months. Thus in ur case u need to issue share certificate before 21 sep 2010.

2.Stamp duty is 0.1% of consideration i.e. Rs. 70

3. Now u can pay stamp duty only in electronic form i.e. franking.

4. after the issue of share certificate, subcribers can transfer shares at any time.

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CS Abhilasha Pandey

CS Abhilasha Pandey (Querist)
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21 July 2010 Thankyou

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CS Abhilasha Pandey

CS Abhilasha Pandey (Querist)
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21 July 2010 Please tell me can i pay stamp duty by revenue stamp mode.