Stamp duty on registration of the company is payable based on____________ capital.
A)nominal
B)authorized
C)both (a) & (b)
D)none

Question

Quizplus · Accepted Answer

Stamp duty on registration of a company is payable based on both nominal and authorized capital. These terms are often used interchangeably to refer to the maximum amount of share capital that a company is authorized to issue to shareholders.

Stamp Duty on Registration of the Company Is Payable Based