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Stamp duty on issue of shares

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

Regards,
Rishi
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VISHRUT

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VISHRUT (Expert)
19 September 2011 Yes it is compulsory.
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
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
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Rishi Vyas

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Rishi Vyas (Querist)
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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