Stamping of Share Transfer Certificates.

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CA Sumeet Kumar Kadyan (Querist)
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04 May 2011 I want to ask the procedure for Stamping of Share trnsfer in Delhi and due date with in which it should be done.
Thnxs in advance

Pravin Gupta CS

Pravin Gupta CS (Expert)
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04 May 2011 > Purchase the share transfer stamp from the revenue authority by giving application on letter head of the companuy.
> affix on duly filled and signed share transfer form
>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.
> complete the other formalities

Pravin Gupta CS

Pravin Gupta CS (Expert)
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04 May 2011 You may pay the stamp duty by pasting the stamps on the back side of share transfer deed. There is a specified place in share transfer deed for pasting of stamps.

If number of stamps are too much than you may paste them on a plain paper and attach the plain paper with share transfer deed. Proper cancellation of stamps is mandatory.

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