Company law related with stamp duty

Querist : Anonymous (Querist) 07 November 2009 This query is : Resolved
A pvt. ltd. investment Co. has issued pref. shares and necessary stamp duty has been paid on issue of the share certificate. The Pref. shareholders have now decided to convert the said pref. shares into equity shares . Question can now arise is whether stamp duty is reqd. to be paid on new share certificate that will be issued on conversion of pref. shares for which the stamp duty was already paid.

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