Share stamp duty

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Anumita Sharma (Querist)
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02 March 2013 Dear Members,

Greetings for the Day!

Kindly guide me that what is the rate of stamp duty applicable for a private limited company in the following cases:

1. At the time of issue of share cerificate
2. Transfer of shares

Thanks in advance

Ajay Mishra

Ajay Mishra (Expert)
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02 March 2013 Hi

Value of share transfer stamps to be affixed on the transfer deed:

Stamp duty for transfer of shares is 25 paise for every Rs. 100 or part thereof of the value of shares as per Notification No. SO 130(E), dated 28-01-2004 issued by the Ministry of Finance, Department of Revenue, New Delhi.

Ajay Mishra

Ajay Mishra (Expert)
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02 March 2013 Stamping of share certificates:

Every shares certificate shall be stamped in terms of the Stamp Act/Rules applicable at the place of execution and issue which is generally the place of registered office of the company. The Stamp Rules allow payment of consolidated stamp duty for the whole lot of share certificates that may have to be issued at any time and in that case stamping in certificates individually can be avoided. For this purpose an application shall be made to the Department in the Ministry of Finance (Revenue Department) of the concerned State Government.

Anumita Sharma

Anumita Sharma (Querist)
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02 March 2013 Thanks Ajay Ji

Ajay Mishra

Ajay Mishra (Expert)
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02 March 2013 My pleasure...............

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