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Stampduty on Share Issuance

Co Act 2013 265 views 3 replies

- Is the Stampduty for certificate issuance applicable for Initial Shares issuance to First subscribers?

- If yes; what are consequences of shares issued without paying the stampduty and what is the way-out?

- If the shares are lost; is the stampduty applicable on the duplicate shares issued to the shareholder?

Replies (3)
Yes stamp duty payment is applicable on shares issued to subscribers. If you will not pay then you will be receiving notice from SDM for non compliance. You need to pay penalty in that case.

For issuance of duplicate share certificate stamp duty is not required to pay.
Penalty imposed upto 10 times of duty. if share lost them follow the process of duplicate share.
Is there any stamp duty payable allotment of shares through right issue? unlisted private company


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