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    Relaxation in Stamp Duty payment in Incorporation of a Section 8 Company

    Posted By : Vidushi / Published on : 28-Sep-2022 08:49 AM / View : 393 / Comment : 1

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    Hey Friends,

    Is there any relaxation in stamp duty payment in
    incorporation of a Section 8 Company?

    Regards,

    Vidushi Rohatgi
    Read more on : section company incorporation payment stamp duty relaxation

    • CS Shiriti Kumari

      Yes, there is a relaxation in stamp duty payment for the incorporation of a Section 8 Company.

      As per the Indian Stamp Act, 1899, stamp duty is levied on various documents, including those related to the incorporation of a company. The stamp duty rates vary from state to state in India.

      However, as per the Ministry of Corporate Affairs (MCA), there is a waiver or reduction in stamp duty payment for the memorandum and articles of association of a Section 8 Company. The exact waiver or reduction may vary from state to state and is subject to change.

      Therefore, it is advisable to check the latest stamp duty rates and exemptions applicable in the state where the Section 8 Company is being incorporated. This information can be obtained from the Registrar of Companies (ROC) or the state government's official website.

      13-04-2023 / 12:03:32 PM
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