Franking of Share Certificate

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ritu ganeriwal

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Dec 15, 2022, 4:33:20 AM12/15/22
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Dear Members

In one of the company whose registered office is situated in Pune, have issued a share certificate to one of its shareholders. No of shares are 116666 at a nominal value of Rs. 10. Now we need to pay stamp duty. Can someone help me with this. How to pay the stamp duty ? Is franking of share certificate is different from paying stamp duty? What procedure we need to follow?

Please advise on the same on an urgent basis.


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Regards,
Ritu Ganeriwal
R. Jhunjhunwala & Co.
Company Secretary
68, Jessore Road, Diamond City North,
Block - 17, Flat 1B, Kolkata-700 055,
Cell No.: +919748710111

V Kartik

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Dec 15, 2022, 4:40:49 AM12/15/22
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In Pune, the process is very simple. Just visit Western Maharashtra  Development Corporation (WMDC) which is located at Shivaji Nagar. Submit the share certificate & write on the top with pencil regarding the amount of stamp duty, pay cash. He will frank & give it to you within 10 minutes.
Kartik


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ritu ganeriwal

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Dec 16, 2022, 6:46:04 AM12/16/22
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Any option for online payment?



--
Regards,
Ritu Ganeriwal
R. Jhunjhunwala & Co.
Company Secretary
68, Jessore Road, Diamond City North,
Block - 17, Flat 1B, Kolkata-700 055,

V Kartik

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Dec 16, 2022, 6:49:29 AM12/16/22
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Online will take time as you need to pay via Gras & then take the share certificate to them for franking. So this is faster. You have to just go over the counter & get it done. It will hardly take a few minutes. 

V Kartik

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