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Stamp Duty on First issue of shares i Private Ltd. Company

What is the procedure for issue of shares for the first time to the directors of a private limited company.

 

Is there any time limit for the issue.



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AWANISH KUMAR

AWANISH KUMAR (Law Firm)     04 June 2008

Dear Mr. Koteshwar

Private Company can issue first time equity shares to its Subscriber only through passing Board resolution in Board Meeting.

Within 3 month of the allotment of share to subscriber , share certificate must be issued .

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