How to Issue duplicate shares certificates and can we pay stamp duty now

[Rajat solanki]

if the original share certificate were never made for pvt limited co and Now can they issue duplicate share certificates and pay stamp duty 

[V Kartik]

Yes it can be done.

Just comply with the procedures for issue of duplicate share certificates.

Kartik

On Sat, 2 May, 2020, 8:24 pm Rajat solanki, <rajats...@gmail.com> wrote:

if the original share certificate were never made for pvt limited co and Now can they issue duplicate share certificates and pay stamp duty 

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[Rajat solanki]

can you help me by providing the procedure and documents required .

thanking you 

Rajat 

On Saturday, 2 May 2020 20:30:16 UTC+5:30, CS V Kartik wrote:

Yes it can be done.

Just comply with the procedures for issue of duplicate share certificates.

Kartik

On Sat, 2 May, 2020, 8:24 pm Rajat solanki, <rajats...@gmail.com> wrote:

if the original share certificate were never made for pvt limited co and Now can they issue duplicate share certificates and pay stamp duty 

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[V Kartik]

The following is the procedure for issue of duplicate share certificates:

1) Ask the concerned shareholder to prepare an indemnity bond on stamp paper saying that share certificate (with relevant particulars) has been lost & will be handed over once the same is duly found by him.

2) Then ask him to submit a letter (along with the indemnity bond) stating the facts about the share certificates which has been lost & request the company to issue a duplicate share certificates. 

3) Once the company acknowledges & takes the same on record, pass a suitable board resolution by organising a board meeting, to issue the duplicate share certificates.

4) Prepare the share certificates with the same distinctive nos. 

5) Pay the requisite stamp duty on it.

6) Once the share certificates are duly executed, write the word "DUPLICATE" on top of the share certificates & issue the same to the concerned shareholder.

Kartik

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[Prathap]

If COmpany has paid the stamp duty at the time of allotment, now stamp suty is not required to pay for issuing duplicate certificate.

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[V Kartik]

Dear Pratap,

If it's splitting of share certificates, then stamp duty is not required because before splitting the same, the concerned shareholder surrenders the original share certificates which shows that the stamp duty has been paid on it. 

Whereas incase of duplicate share certificates, the shareholder claims that the original share certificates is either lost or destroyed. However, if he's able to reproduce the original certificate, it's a different thing. Hence it's advisable to pay stamp duty on the duplicate share certificates for better compliance.

Kartik

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[Rajat solanki]

Thanks for reply sir ,i want to ask that weather any problem would arise due to non payment of stamp duty at the time of incorporation ,how can we pay the stamp duty for certificate online or do we have to go physically there?

can stamp paper be used or do we have get it franked only?

Thanks & Regards

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[V Kartik]

That's why you can create a record that the original share certificates are lost or destroyed & you can do the needful by issuing duplicate share certificates.

If you are in Maharashtra, you have to pay stamp duty online via Gras site. Once the challan is generated, take 2 copies of it along with 2 sets of letter where you need to specify the documents to be franked & submit them at the stamp office.

It has to be franked only.

Kartik

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[Rajat solanki]

What about if we are in Karnataka?

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[Rajat solanki]

Can some one provide procedure of payment of stamp duty in karnataka

[Asha Thesiya]

Hello,

Is FIR is mandatory for Issue of Duplicate Share Certificate by a private limited company?

Regards,

Asha

7666018323

[CS V Kartik]

If the shares are held (& lost) by relatives, then no need for FIR. If shares are held by outsiders, then FIR will be required.

Kartik

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[Asha Thesiya]

Ok Sir

Thank You 

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Thanks & Regards,
Asha Thesiya

7666018323