Paytm parent fined Rs 47.12 lakh for unpaid stamp duty on equity shares

Quick Summary:

This penalty relates to the non-payment of stamp duty totalling Rs 1,43,16,535 for the allotment of 10,26,386 equity shares of Rs 10 each, One97 Communications said in an exchange filing.

We have taken all necessary steps to be more diligent in avoiding such instances in the future," the filing said.

The said applications have been processed by the Office of Collector of Stamps, in sequence.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Penalty Bank Policy Duty Shares Equity Paytm Non-payment Allotment Stamp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 06:36:54 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22073429

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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