Public companies should pay stamp duty for registering MOA and AOA.
A
Yes
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
No
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Not specified
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.