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Stamping of Share Transfer Certificates.

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(Querist)
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
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Pravin Gupta CS

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Pravin Gupta CS (Expert)
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
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Pravin Gupta CS

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Pravin Gupta CS (Expert)
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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