Re: Share Certificate
In case of issue of Shares at Premium, should the stamp duty be payable on face value+Premium?
The Bombay Stamp Actp provides for the same.
Subodh (Service) 05 February 2009
Re: Share Certificate
In case of issue of Shares at Premium, should the stamp duty be payable on face value+Premium?
The Bombay Stamp Actp provides for the same.
Jaydeep Kurup (ACS, LLB) 06 February 2009
Yes. As per explnantion to Article 17 of the Bombay Stamp Act, 1958.
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