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Payment of Stamp Duty on Share Certificates in Gurgaon, Haryana (Timelines).

The payment of Stamp Duty is a state matter and accordingly before proceeding with the payment of stamp duty on share certificates in Gurgaon, Haryana, one should refer to the relevant provisions of Companies Act, 2013 and Haryana Stamp Act.
Given below are the various timelines to be kept in mind with respect to payment of stamp duty on share certificates:
  • As per the Companies Act, 2013 every Company shall allot equity shares to the subscribers within 60 days of receipt of Share Application Money.
  • The Company shall thereafter issue share certificates to the aforesaid allottees within 2 months from the date of allotment.
  • As per the Indian Stamp Act, Companies shall pay proper stamp duty on share certificates issued by them within 30 days of issuance of Share Certificates.

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