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Stamp duty to be paid on shares allotment

This query is : Resolved

Manoj Kumar Karna (Querist)
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25 July 2015 Hi,
A public Limited Company regsitered in state of NCT Delhi,increased its authorised capital on which stamp duty had already been paid simultaneously with form SH-7 online on MCA -21. Now wants to allotment of additional shares to share holders.
My querry is:-

1)Whether Company has to pay stamp duty on additional shares to be allotted to Shareholders?
2) if yes What is procedure?

Manoj Karna

Pratik Shah

Pratik Shah (Expert)
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25 July 2015 Yes..you will have to pay stamp duty on Share Certificates. It is 0.1% on the value of shares in Delhi.

Actually, I do not have detailed idea about method of paying stamp duty on Share certificates in Delhi, but I think you can do franking over it.

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