Stamp duty on share certificate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 Stamp duty on share certificate is determined on the basis of place where board meeting is held for allotment or place from where certificates are issued?

Ajay Mishra

Ajay Mishra (Expert)
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16 July 2012 Hi

Stamp duty will be decided on the basis of place where the allotment has been made. The share certificate will also be issued in a place where the allotment has been made. So no confusion should be between allotment and issue of share certificate.

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 Thank you.

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CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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17 July 2012 Agree with Ajay ji...

And the allotment is deemed to be made at the place where Board meeting was held.

So the place of Board Meeting is the deciding factor of stamp duty.