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Stamp duty on Share Certificate (Corporate Law)

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This query is : Resolved


( Author )
27 September 2007

Dear All,

Ours is a public limited non-listed company. We are going to issue shares through private placement. My querries are:
1) What is the rate of stamp duty to be paid on share certificate
2) Can we pay stmap duty by franking share certificate? Is it legal to frank share certificate? If not than what is the way to pay stamp duty on sharecertificate?
3) Stamp duty is to be calculated on paid up value or paid up + primum?


R.V.RAO

( Expert )
27 September 2007

Share Certificates.
In Delhi the Stamp duty @ of Re.1/- for every one thousand rupees or part thereof of the value of shares has to be paid at the office of Collector of Stamps/SDM.
please check the state rates where it is done as stamp duty is state subject.
franking is allowed and done by inspector general(IG) of stamps in each state.
before stamping you have to declare before the IG the value fOr which STAMPS have to be franked.usually franking done on face value of shares.you may declare face value and get franking done.
C.A.R.V.RAO



Srinath A. N.

( Expert )
01 October 2007

Stamp duty is calculated on the face value + premium.


Ravikumar.G

( Expert )
10 October 2007

Thanks for your information sir


KAAPIL

( Expert )
10 November 2007

Thanks for the valuable inputs.


Neha Jain

( Expert )
09 June 2012

RATE OF STAMP DUTY ON SHARE CERTIFICATES.


S.No States Rate of duty

1. Andhra Pradesh Thirty Paisa/Since 30paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)

2. Arunachal Pradesh Rs. 5.00 Revenue stamp irrespective of amount

3. Haryana Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)

4. Himachal Pradesh Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)

5. Karnataka Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.

6. Kerala Fifty Paisa irrespective of amount ,(on Folio)

7. Maharashtra Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock..

8. Manipur NA

9. Nagaland Forty Five Paise Revenue stamp irrespective of amount

10. Orissa One rupee Revenue stamp irrespective of amount

11. Punjab Ten Rupees [40 n.p. under act 34 of 1960 and 25 n.p. prior thereto irrespective of amount ,(on Folio)

12. Rajasthan One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock

13. Tripura As of Assam

14. Uttar Pradesh One Rupee (irrespective of face value market value)

15. National Capital Territory of Delhi One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock

16. Tamil Nadu Rs. 1 Revenue stamp irrespective of amount

17. Madhya Pradesh NA

18. Gujarat One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.

19. Bihar NA

20. West Bengal Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.

21. Jharkand NA

22. Chhttisgarh NA

23. J&K NA

24. UttaraKhand NA

25. Meghalaya NA

26. Goa One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.

27. Assam NA

28. Sikkim NA

29. Mizoram NA

Union Territories

1. Chandigarh Forty paisa Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)

2. Andaman and Nicobar Islands NA

3. Dadra and Nagar Haveli One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.

4. Daman and Diu NA

5. Lakshadweep NA

6. Puducherry NA


Best Regards,
Neha Jain


Neha Jain

( Expert )
25 June 2012

Rajasthan Stamp act :

Certificate or other document, exercising the right or title of the holder thereof or any other person, either to any shares, scrip or stock or any incorporated company or other body corporate or to become proprietor of shares, scrip or stock in or of any such company or body :

One rupee for every one thousand rupees or a part thereof, of the face value, of the Shares, Scrip or Stock.



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