Stamp duty

Querist : Anonymous (Querist) 23 January 2012 This query is : Resolved
Dear Members
I have a query.
'A' Company has made full allotment of 5 lakh Shares to 'B'Company but the amount is partly paid up (Rs.10/- face value - Paid up rs.5/- & balance Rs.5/- to be called in future) .
The Stamp duty on share certificate be paid in this case at one go or twice as they are partly paid ??
This is for state of karnataka. Is there any specific provisions under the act which states that stamp duty can be paid partly??
Please advice
regards
Santosh

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Sailesh Kumar Shah (Expert) 23 January 2012
Since stamp duty is payable as per state law, so, Check with local lawyer or purchase book of stamp act to know.

Raj Kumar Makkad (Expert) 23 January 2012
Well advised.

prabhakar singh (Expert) 23 January 2012
REALLY A BOGUS QUERY YET WELL advised.
ALMOST DAILY WE REPEAT SAME ANSWER YET PEOPLE COME.IT IS LIKE TO ASK US WHAT TO DO WHEN SWEEPER DOES NOT COME??
EMPLOY US FOR FREE SWEEPING ALSO??GOOD IDEA.

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