Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Corporate Law > Others >

Stamp duty on shares

    Post New Topic
Pages : 1





CS

[ Scorecard : 160]
Posted On 25 January 2010 at 17:02 Report Abuse

when a company is issuing its shares in demat form  whether it is required to pay stamp duty and if yes then at what rate...?


Online classes for CA CS CMA



CA Adarsh Agrawal
CMD of SHAYVIDZ Group

[ Scorecard : 3597]
Posted On 25 January 2010 at 17:19

I also want to know the rate of stamp duty in case of fresh issue..

thanks in advance...

 

 

Dear Rachit,

 

On share transfer, the rate of stamp duty is Rs.0.25 on every Rs.100 consideration...

here are some discussion on this matter..

http://www.caclubindia.com/forum/re-form-for-transfer-of-shares-62923.asp

 

Adarsh



Total thanks : 1 times




CS Ankur Srivastava
Company Secretary & Compliance Officer

[ Scorecard : 14891]
Posted On 25 January 2010 at 17:59

Dear Adarsh, In case of issue of new share certificate the rate of stamp duty is, w.e.f. 01.05.1994, Re. 1 for every one thousand including premium. (i.e. issue value).


Total thanks : 3 times



CS Ankur Srivastava
Company Secretary & Compliance Officer

[ Scorecard : 14891]
Posted On 25 January 2010 at 18:02

In case of share transfer the stamp duty is 0.25 per Rs.100/-( i.e. per 100 of transfer value and not the face value).



Total thanks : 1 times



CA Adarsh Agrawal
CMD of SHAYVIDZ Group

[ Scorecard : 3597]
Posted On 25 January 2010 at 18:05

Thanks for info Ankur Ji....




KRUPA
WHOLE TIME COMPANY SECRETARY

[ Scorecard : 21]
Posted On 30 January 2010 at 17:06

Yes, the issuer(the company) has to pay the relevant stamp duty as applicable irrespective of whether it is issued in either physical of demat mode. This is because in the Companies Register of members the respective Depository i.e. NSDL or CDSL shall be the registered holder. It will have to issue a share certificate in the name of NSDL/ CDSL on which it will have to pay the stamp Duty. Stamp duty is payable @ 0.10% on the value of shares. So you will have to pay the stamp duty on the value of shares which the NSDL/ CDSL is holding. Kindly go through the procedure of Dematerialization. As per Finance At, 2000, stamp duty is waived only for transfer of shares within Depositories. Hope this information will help you.



CA.SKR
CA; CS-Final (One Group)

[ Scorecard : 442]
Posted On 30 January 2010 at 18:16

Agree with both replies of Mr. Ankur Srivastava regarding stamp duty on fresh issue and transfer of shares.



k.venkatraman
accountant

[ Scorecard : 21]
Posted On 26 April 2011 at 15:58

A broker having offices at 3 locations / states

Where should he pay the stamp duty on transfers of shares. Should he pay respective stamp duty depending on turn over in respective states of at the head office.



There are 7 Replies to this message








Related Files








Related Threads


Post your reply for Stamp duty on shares



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top