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Subodh (Service)     05 February 2009

Stamp Duty on Shares


Re: Share Certificate

In case of issue of Shares at Premium, should the stamp duty be payable on face value+Premium?

The Bombay Stamp Actp provides for the same.



 1 Replies

Jaydeep Kurup (ACS, LLB)     06 February 2009

Yes. As per explnantion to Article 17 of the Bombay Stamp Act, 1958.

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