Bombay Stamp Act

Issue of Share Certificate
Rs. 1/- per Rs.1000. The amount of share certificate will include the amount of Premium paid.

Transfer of Shares
Stamp duty on transfer of shares is @ 0.25% of the market value of the shares on the date of the transfer. (w.e.f. March 2004)

Mortgage

Duty on Deposit of title deeds, mortgage of movables, pawn, pledge, and hypothecation deeds has been reduced from 0.5 % to 0.1%

Loans
Stamp Duty on unsecured loans, Loan agreements is 0.1%. Earlier the rate was 0.25%

Balance Sheet

Authentication - Sec.215

In the case of a company other than a Banking Company , by its or secretary, if any, and by not less than two directors of the

company one of whom shall be a managing director where there is one.

(c) 2006, Shreerang Ketkar, All rights reserved.

Annual General Meeting

Adjournment

Adjourned annual general meeting must itself be held within statutory

period, including the period of extension thereof, if any allowed, as

provided in section 166(1)