27 April 2012
Respected All, Can anyone tell me that what is complete process of Allotment of Share; mean from ROC filing to company workout and what is the stamp duty paid on this?
For Allotment of shares, following procedure will be followed:
1. Check share application and allotment money received from proposed allottee. 2. Call a Board Meeting for allotment of shares. 3. After Allotment of shares, file Form-2 with ROC with in 30 days from the date of allotment.
4. Make application for payment of stamp duty to your concern SDM (Revenue Deptt).
5. Issue of share Certificate within 3 months from the date of allotment as per section 113 of Companies Act, 1956. 6. Make entry in the Register of members of the company.
27 April 2012
thanks you Sir, but suppose for example, i hv going to allot the 10 share at the face value 10 Rs. and premium of 90 Rs.
the company want to show the only 100 as share application money and rest of that in future, the question is can it is possible? and how we calculate the Stamp duty?
You have received share application money on 100 shares at Rs. 100 (Rs. 10 face value and Rs. 90 as premium)but you want to allot only 10 shares at Rs. 100 initially.
CAclubindia
