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Stamp duty on issue of shares

This query is : Resolved 

19 September 2011 Whether stamp duty is applicable on demat equity shares issued on preferential basis?

Regards,
Rishi


19 September 2011 Yes it is compulsory.

20 September 2011 No stamp duty is not required to be paid if shares are issued in Demat mode and there is no share certificate involved.

RG

28 September 2011 Thanks Vishrut and Richank,

Dear Vishrut, could you please specify the provision which make the payment of Stamp duty compulsory?

Regards,
Rishi



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