Stamp duty on issue of shares

This query is : Resolved 
 



Guest (Querist)
18 May 2011

Dear Friends,
If Board meeting for allotment of shares is held in USA and the share certificates are issued later within 3months of allotment in India. How shall the stamp duty be determined in such a case, whether it will be based on Regd office of the company, or place of issue of shares certificate or place of issue of shares.

Please clarify.

Thanks

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M.Sheik Mohammed Ali (Expert)
18 May 2011

place of issue shares certificate



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