Share stamp duty
This query is : Resolved
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
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
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.
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.
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.
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.
02 March 2013
Thanks Ajay Ji
02 March 2013
My pleasure...............
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