Your client Vivek wants to form a private company with a share capital of ₹50,000. Examining the relevant provisions of the Companies Act, 2013, advise Vivek on the following issues with proper justification: As regards
CS Professional · Advanced Company Law and Practice · PYQS · December 2015
Your client Vivek wants to form a private company with a share capital of ₹50,000. Examining the relevant provisions of the Companies Act, 2013, advise Vivek on the following issues with proper justification: As regards to stamp duty state whether it will make any difference if the proposed company is incorporated in the State of Haryana or in the State of Kerala.
Answer & Explanation:
Yes. Stamp duty on Incorporation documents (Form 1, MoA, AoA) is state subject under Constitution. Accordingly, each state has provided different rate of stamp duty for incorporation documents in the relevant Stamp Act/ Rules of the concerned State/Union Territory Government.
Topics: Company Incorporation & Types
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