Issue of Share Certificate and Payment of Stamp Duty in Gujarat

[amit trivedi]

Dear Respected Members

 

Quary regarding Issue of Share Certificate and Payment of Stamp Duty in Gujarat

 

My company was incorporated in 2002 as unlisted public climited co. there are 7 subscribers at that ntime. There after the co. made further allotment to different shareholders in 2007. The sharecertificates were not issued to any shareholders, whether they were subscribers or further shareholders. In 2009, all the shares were transfered from others to subscribers members. Now there are only 12 shareholders and the regd. office was changed.

1. What will i do - Issue New Share Certificates (with new regd. office Address) to recent shareholders only? What is the amount of stamp duty paid?

2. If i issued share certificates to shareholders and then transfered - what is the amount of stamp duty?

3. Can i consolidated these share certificates after transfer and issue new certificate in lue of old with new address of regd. office, - what is the amount of stamp duty?

4. Who will sign the share certificate/ there are 4 directors. No authorised signatory since incorporation?

All the filling done properly with ROC.

Thanking you

 

Amit Trivedi

[Kartheek C.N.]

Dear Amith,

Issue a old share certificates to the subscribers and the further allot-tees.

And then record the transfer in the name of subscribers members as on the date of transfer.

Record the transaction properly in the share transfer register and the back of the share certificate.

You can authorise any person in the Board resolution for signing on the share certificate.

You can consolidate the share certificates before issuing the old ones as it is not issued.

But be careful.

Payment of Stamp duty will be an issue after all.

You need to approach the registrar office and sort out the matter.

 

Amit Trivedi

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