Hi Everyone,
There is one trademark application where the limit of one month has passed. Can we file for an extension? If yes, please let me know the procedure and eligibility, if any.
Dear Colleagues,
Opinions are invited on below mentioned query.
Which radio button to be selected from the following in e-form INC-22 while changing registered office from Secunderabad to Hyderabad :
1. Change in ROC within the same state
(Name of office of Existing ROC - ROC Hyderabad
Name of new ROC- ROC - Telangana)
OR
2. Change within local limits of city, town or village.
Even in this case, change is showing in the form from existing ROC Hyderabad to ROC- Telangana.
hyderabad secunderabad change office registered
A section 8 company is Incorporated , object is they will fund education of School kids n ol.
They want to take monthly donation from random public 500/- each monthly and with that it will fund the object. My question is:
1. Can a section 8 company accept such donation?
2. If yes, what are the compliance requirements?
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
--
company property immovable bringing shareholder
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
--
company property immovable bringing shareholder
Dear All,
With reference of the aforementioned subject, Kindly guide me where to check for GSTIN as no mail and sms has been received.
Thanks and Regards
Dear All,
Greetings of the day..
Please guide on the following:
A Pvt. Ltd Company had two Directors and one director resigned in August 2020. Only one director is there in company since then.
My question is what will be the consequences of having only one director in a Pvt. Ltd. company as the company wants to appoint a new director from the current date.
Dear Colleagues,
Request to accord inputs on below mentioned query :
Whether consolidation of Shares ( Compiling 12 Share Certificates into 1 Share Certificate) can be done ? If yes, post consolidation, Split of Share Certificate in the denomination as requested by the Shareholder and approved by the Board can be effected ? Considering Rule 6(1)(c) of the Companies(Share Capital and Debentures) Rules, 2014, the same can be done. Opinions are invited in this regard please.
PFA Share Certificates, the manner in which details will be filled complying the Companies Act.
Opinions are invited in this regard please.
shares split followed consolidation 
A share certificate is a written document issued by a company, serving as evidence that a person named in the certificate owns a specific number of shares in the company. According to the Companies Act, companies are required to issue share certificates post their incorporation to formally recognize shareholders.
Payment and Collection of Stamp Duty The mechanism for the payment of stamp duty on dematerialized (demat) securities has undergone significant changes. Now, stamp duty is collected by stock exchanges, depositories, or clearing corporations and then remitted to the accounts of the respective State Governments.
Rate of Stamp Duty As per the Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations, and Depositories) Rules, 2019, effective from July 1, 2020, the rate of stamp duty on the issue of share certificates is 0.005% for all states in India. The rate for the transfer of both demat and physical shares is 0.015% on the total consideration for all states in India.
Time Limit for Issuance of Share Certificates After the incorporation of a company, share certificates must be issued within two months from the incorporation date. For additional shares allotted to new or existing shareholders, the share certificates should be issued within two months from the allotment date.
Stamping of Shares
What is Stamping of Shares? Stamping is a tax on documents executed in India. As share certificates are considered instruments under the Indian Stamp Act, they must bear the necessary stamp duty to provide legality to the document.
Why is Stamping Required? Stamping ensures the legality of the share certificate and confirms compliance with government specifications. The stamp duty must be paid first at the time of incorporation for certificates issued to subscribers and subsequently for every further allotment of shares.
Time Frame for Stamping Stamp duty on share certificates must be paid within 30 days of issuance, as stipulated by the Indian Stamp Act.
Penalties for Non-Payment Failure to pay the stamp duty on share certificates can result in a penalty imposed by the superintendent (SDM), amounting to ten times the original stamp duty. If an application for stamping is filed beyond the 30-day limit, the matter will be called for a hearing.
Conclusion
The issuance and stamping of share certificates are crucial steps in maintaining compliance with legal requirements in India. They not only validate the ownership of shares but also ensure the legality and authenticity of share transactions. Companies must adhere to the specified time frames and stamp duty regulations to avoid substantial penalties and legal complications.