Stamp duty on share certificate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2010 New Shares were issued to Shareholders of a private limited company. But we forgot to get the shares franked. Is there any other solution. Total Stamp Duty comes to Rs. 3000/-

Revenue stamps can be affixed. But how can we affix 3000 revenue stamps on single share certificate!!!!!!!!!!!!!!!!!

Can Stamp duty be paid by any other procedure after signing of Share Certificate???????????

Rasesh

Rasesh (Expert)
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19 February 2010 Issue a specimen share certificate and get it franked with the requisite stamp duty.

On the share certificate issued to the sharholder, specify that consolidated stamp duty has been paid.

Keep the stamped (franked) share certificate in safe custody for records.