PROCEDURE FOR THE PAYMENT OF CONSOLIDATED STAMP DUTY ON SHARE CERTIFICATE

1.         Letter to be issued by the Company to Divisional Commissioner office for getting the approval for depositing the payment of Consolidated Stamp Duty on Issue of Share Certificate.

Enclosures reqd. with this letter are –

(a)        Draft Share Certificate

(b)       Certified True Copy of the resolution for allotment of shares.

(c)        Filed Form 2 for the allotment of shares.

(d)       MOA and AOA.

(e)  Court fees required to be affixed on the application to Div. Commissioner.

2.            Ministry of Finance/Planning issue an Order for the payment of Stamp Duty (Rs. 1/- per thousand on value of shares) along with challan for payment. OR Get the challan from the Divisional Commissioner.

3.                 Payment of Cash / Cheque / DD by the company for that amount in favour of PAY AND ACCOUNTS OFFICER VI, TIS HAZARI.

4.                 Deposited the challan with the office of Divisional Commissioner.

5.               Letter of verification made by Divisional Commissioner’s office and they send to PAO-VI, Tis Hazari for the Verification of Challan which will be received from the office of Treasury, Tis Hazari.

6.         Office of Divisional Commissioner issues the certificate that consolidated stamp duty has been paid.

7.          Mention on the Share Certificate that the Consolidated Duty has been paid vide Challan no. _________ dated __________.