Partly Paid up shares

anushaka basu

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Nov 15, 2012, 2:32:01 AM11/15/12

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Dear Friends,

I am allotting partly paid shares for a company, my question here is " do I need to pay stamp duty on the entire consideration amount that the shareholder is supposed to be paid amount or just on the amount actually paid right now?"

The shares are allotted as part of the shareholder agreement between the company and the shareholders, the agreement contains certain milestones to be achieved by the company, that is the reason why shares are partly paid, as the company completes the milestones the shareholder shall pay remaining amount, in case the company fails to achieve those milestones the shareholder shall not pay the remaining amount.

Please let me know if stamp duty is paid on entire consideration amount now or on the actual amount paid.

Thanks and Regards,

Anushaka

Rajesh Gupta

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Nov 15, 2012, 2:37:37 AM11/15/12

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Dear Anushaka,

Please confirm are you allotting the shares to Indian or NRI..???

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Sridevi B.N

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Nov 15, 2012, 2:44:15 AM11/15/12

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allotment of shares is State stamp act.

pl. check in which state you are allotting the shares.

On Thu, Nov 15, 2012 at 1:02 PM, anushaka basu <anusha...@gmail.com> wrote:

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GMR Group

anushaka basu

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Nov 15, 2012, 5:36:43 AM11/15/12

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Shares are allotted to Indians.

Regards,

Bhavana

anushaka basu

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Nov 15, 2012, 5:37:38 AM11/15/12

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My question is whether we pay stamp duty on entire amount or just on the partly paid amount.

Regards,

Bhavana

Sridevi B.N

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Nov 15, 2012, 5:58:41 AM11/15/12

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stamp duty on issue of shares depends on state to state.

In few state irrespectively of consideration stamp duty on each share certificate would be Re. 1/-

Please inform which state you are issueing shares, and check that particular state stamp act.