Stamp Duty pay on Bonus shares

sachin kumar

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Apr 7, 2012, 2:19:00 AM4/7/12

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Dear Friends

Is it necessary to pay stamp duty on issue of Bonus Equity Shares, plz let me know.

Thanks & Regards

Sachin Pyare

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kameswara Rao Kappagantula

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Apr 7, 2012, 2:24:01 AM4/7/12

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dear Sir

Stamp duty to be paid on issue of share Certificates.

As u have already paid stamp duty on autghorised Capital then no need to pay stamp duty on Bonus issue............

Kamesh

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Ramaswami Mohan

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Apr 7, 2012, 2:34:47 AM4/7/12

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I feel that stamp duty has to be paid on Bonus shares , and it has nothing to do with the stamp duty on authorized share capital.

regards,

Mohan

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bhuvana balan

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Apr 7, 2012, 2:46:47 AM4/7/12

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As per Section75(1)(b) stamp duty is not required for bonus issue.

Stamp duty is payable in this case only on Share certificates.

Regards

Bhuvana

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sachin kumar

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Apr 7, 2012, 7:04:45 AM4/7/12

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But my Dear Friends, i am issue new Share Certificate, so now i need to pay stamp duty or not,, plz clearify to me.

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kameswara Rao Kappagantula

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Apr 7, 2012, 7:10:30 AM4/7/12

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As alredy told u issue of Share Certificates attracts stamp, duty

please check the state Law of the State where the RO of the Company sistuated

Kamesh

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sachin kumar

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Apr 7, 2012, 7:38:22 AM4/7/12

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Ok Thanks, its mean stamp attract in this case, because we r issuing New Share Certificate.Thanks to all.

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gausia khan

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Apr 9, 2012, 1:50:14 AM4/9/12

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Dear members,

If a public ltd company has made a bonus issue in jan 2011, but till date neither have issued the share certificates nor paid the stamp duty, what are the consequences and course of action.

Plz share ur knowledge.

Thanx and Regards

Gausia Khan

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Ramaswami Mohan

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Apr 9, 2012, 2:23:09 AM4/9/12

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pl refer to issue of share certificate rules. i think u need to get the delay condoned by the CLB, and once the delay has been condoned, then have a board meeting and thereafter issue the share certificates.

regards,

Mohan

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gausia khan

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Apr 9, 2012, 2:27:32 AM4/9/12

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Suppose all the shareholders are the directors and family members, they can be issued share certificates back dated but what about non payment of stamp duty.

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kartheek CN

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Apr 9, 2012, 2:18:00 AM4/9/12

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Dear Sachin,

It is given in Article 16 of the Karnataka Stamp Act.

C.N.Kartheek
karth...@gmail.com

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Giri

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Apr 9, 2012, 7:06:11 AM4/9/12

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Dear Mr. Sachin,

The stamp duty is to be paid on the share certificate irrespective of
the fact whether it is a bonus issue/ rights issue /public issue.
There is no difference on stamp duty on shares of a listed company or
shares of an unlisted company. Rate of stamp duty is defers from state
to state. In Karnataka it is 0.10% on the total consideration for
allotment.

Stamp duty on transfer is 0.25% on the total consideration. (All over
India it is same rate)

You can pay stamp duty through sub registrar office or Bangalore stock
holding near town hall or e stamping at post office in Bangalore.

We Recently issued Bonus shares and paid stamp duty.

Regards,
Girisha M S
Bangalore
09739131668

On Apr 7, 11:19 am, sachin kumar <cssachinv...@gmail.com> wrote:
> Dear Friends
>
> Is it necessary to pay stamp duty on issue of Bonus Equity Shares, plz let
> me know.
>