Bonus share Certificate

[trupti chavan]

Dear all,

Please Advise me whether stamp duty on Bonus shares Certificate shall be pay...

And if yes then on what bases the stamp duty shall be payable. (in Mumbai)

As I understand, the stamp duty is 0.1 % on consideration of shares. But in case of Bonus shares no consideration accepted from allottees.

Please Advise ASAP

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TRUPTI C

 

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“Good decisions come from experience, and experience comes from bad decisions.”

Dear

[GIRISH KUMAR]

Yes you have to pay stamp duty..

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[amit soni]

As per my views, the stamp duty will be paid on the value of existing share of the same class as on the date of allotment.

Others views are solicited.

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Thanks & Regards
 
CS Amit Soni
B.Com, LL.B., CS
Mob.- 9098632675