Please Help: stamp duty on allotment of shares
Posted Date : 18-Mar-2012 , 10:48:31 pm | Posted By lavina bajaj
what is the issue related with stamp duty paid or payable on allotment of shares when form 2 is being filed...
Category : Corporate Law | Answers : 2 | Comments : 2 | Hits : 1367
Answers
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...
i have read its 1 RS on 1000 Rs...
and what is the procedure that has to be followed for the same...
Comments
CS Shilpi Bhardwaj
21-Mar-2012 , 02:29:02 pmDear 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.
Amit
30-Mar-2012 , 11:21:10 pmMe too read its 1 RS on 1000 RS.....