Isha Chawla (CS) 01 November 2011

Stamp duty on share certificate

Hello!

Our Company executed the Share Certificates but havenot affix the stamps which is Re.1/- for every Rs. 1000 (including premiun).

The Revenue Deptt. has served us a notice in this regard.

Can any one suggest what is the remedy now or what are the penalties?

Its urgent. Pl. reply.

Rajiv Kumar Dubey (Lawyer) 02 November 2011

Better cure the defect of stamp duty by paying the same with revenue deptt.

1 Like

Rajesh Hazra (Mediator and Legal Counsel ) 02 November 2011

I agree with Mr.Rajiv Kumar Dubey, meet the Revenue dept. and try to settle the matter as they have already served the notice.

1 Like

MEGHA MASTA (CS (final)) 03 November 2011

hi,

make the representation and pay stamp duty to the revenue department with penality which can be imposed by department 10 times more than normal duty.

regards

1 Like