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Please Help: stamp duty on allotment of shares

Posted Date : 18-Mar-2012 , 10:48:31 pm | Posted By: Lavina Bajaj

Category : Corporate Law | Answers : 2| Comments : 2| Hits: 1086

what is the issue related with stamp duty paid or payable on allotment of shares when form 2 is being filed...

   Answer by: CA Satuti Mahajan
The stamp duty to be paid is 0.25%.Only when the stamp duty is paid, the allottment is considered to be legal.
   Answer by: Lavina Bajaj
are you sure its .25%???? i have read its 1 RS on 1000 Rs... and what is the procedure that has to be followed for the same...
Posted By : Amit 30-Mar-2012, 11:21:10
Me too read its 1 RS on 1000 RS.....
Posted By : CS Shilpi Bhardwaj 21-Mar-2012, 02:29:02
Dear Lavina you are right, the rate of stamp duty is 1 Rs on 1000RS., and you need to pay it to Collector of Stamp. you need to file application for payment of stamp duty if it in huge amount, you can visit Tis Hazari for this.

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