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Question

Public companies should pay stamp duty for registering MOA and AOA.

A
Yes
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B
No
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C
Not specified
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D
None of the above
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Solution

The correct option is A Yes
Stamp duty is payable under section 3 of Indian Stamp Act, 1899. Stamp duty is a nominal amount paid for recognition of contents of legal document.It is paid at the time of registration of the company.

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