At the time of issuance of shares of a Private Limited co, instead of getting them franked, revenue stamp was affixed behind the certificates. Will they be treated as valid share certificates? If not, what is the correct course of action now?
At the time of issuance of shares of a Private Limited co, instead of getting them franked, revenue stamp was affixed behind the certificates. Will they be treated as valid share certificates? If not, what is the correct course of action now?
Now if they pay stamp duty, wouldn't it look like delay in payment of stamp duty and attract penalty? What should be written as date of issuance of shares?
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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