ISSUE OF SHARE CERTIFICATE
DISHANT DOSHI
(Querist) 12 October 2009
This query is : Resolved
This is the case of Private Limited Company. I want to issue share certificate for 12,500 Shares of Rs.100 each at a premium of Rs. 100 each. so I have to affix Revenue stamp of Rs.2,500 (0.1% in Maharashtra) but it is not possible to affix all the stamp on share certificate so can i attach one more page so as to affix the remaining revenue stamp on it.if yes then on additional page what procedure i have to perform.
Reply it's Urgent
Raj Kumar Makkad
(Expert) 12 October 2009
yes you can do so but if lesser stamp of heavy value are available then try to get the same and affix thereon.
RASIK DAGLI
(Expert) 12 October 2009
I think there is some mistake in calculating the amount of Revenue Stamps. If it is 0.1% in Maharastra the amount will be Rs.25/- and not 2500/- as stated.
Please verify again.
Rasik Dagli
Advocate.
joyce
(Expert) 12 October 2009
yea, calculate properly and proceed with work as it comes to Rs 25/-& not 2,500.
Raj Kumar Makkad
(Expert) 12 October 2009
but quarry is something different. Go to the quarry.....and reply accordingly. matter doesn't relate to calculation but pasting.
DISHANT DOSHI
(Querist) 13 October 2009
Calculation is (12,500 Shares * 200(Face Value(100)+Share Premium(100))=25,00,000
0.1% of Rs. 25,00,000 = 2500 Rs.
Another thing is it is better to issue Jambo certificate of Split Certificate is ok.
