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% of Franking amount on issue of share cerificate ?

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(Querist)
16 December 2010 can anybody tell me if any private ltd.co which is a subsidiary of foreign co. & situated at Mumbai.if Subsidiary co. issue any share cerificate to any foreign investor than how much franking charges company has to pay.if franking is not done than what could be consequences?
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Ajay Mishra

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Ajay Mishra (Expert)
16 December 2010 Hi

Its depend on State to State.Clarify in which state you have issued shares.
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CA Vinay Dixit

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CA Vinay Dixit (Querist)
16 December 2010 my company is situated in Mumbai So what is a Franking charges i will have to pay?pls give me detail explanation
thanks
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Rasesh

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Rasesh (Expert)
19 December 2010 The stamp duty is 1% of the market value of the shares issued. There are no additional charges for franking.

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