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stamp duty -in demat form??

Mayuri Lal (officer CS) (748 Points)

05 May 2011

Hi ,

Can anyone tell me the provision regarding the payment of stamop duty when the shares are alloted in the demat form.

I searched in FAQ of NSDL it says "the Issuer has to pay the relevant stamp duty as applicable irrespective whether it is issued in either physical or demat form. As per the Finance Act 2000, stamp duty is waived only for transfers within the depository."

this stamp duty as applicable is ???
and how it is paid.

If anyone can tell me the procedure of teh same.

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12 Replies

Jaideep (Service) (1368 Points)
Replied 05 May 2011

Hi- Will be paid through e-stamping. Plz refer the attached form. Rate of duty will be same as applicable in that particular state.

Also refer -

https://www.shcilestamp.com/

Regards

Jaideep Pandya

Attached File : 25 estamping form.pdf downloaded: 1037 times

1 Like

Mayuri Lal (officer CS) (748 Points)
Replied 05 May 2011

Thanks a lot Jaideep

Dhruv Berry (Student) (22 Points)
Replied 23 January 2012

hey jaideep, can you please clarify which document is required to be stamped in cases of issue of shares in electronic form like a share cerificate is required to be stamped in case of shares in physical form? also if this document does not exist then what is the procedure for stamping shares in electronic form?is the stamp duty levied in the transaction itself before such electronic shares are issued? please reply asap!

(Guest)

Stamp duty will also be paid on issue of share cert in demat form.

Dhruv Berry (Student) (22 Points)
Replied 24 January 2012

thanks neha! but can you please clarify your answer with some legal justification? for eg:- how are shares issued in demat form? and to whom share certificates are issued when shares are issued in electronic form? is it the depository participant? can you please highlight the basic procedure? thanks!

deepak kumar (CS) (36 Points)
Replied 31 March 2012

Neha Ji

In case of demat i think we do not issue the share certificate then how we pay stamp duty.

please guide

(Guest)

We have to pay consolidated stamp duty to the collector of stamps in case of demat shares.

ruchi (cs) (21 Points)
Replied 23 May 2015

whether stamp duty is to be paid when shares in DMAT form . Corporate Action has been done for new allotment, Dmat account and Master data also updated but stamp duty not paid? My query is that when we are allotting shares to shares and after filing PAS 3 with ROC, taking corporate action for electronic credit of shares without issuing share certificate to shareholders in such a case whether it is required to pay stamp duty??

Plz suggest

ABHISHEK JAIN (SERVICE) (35 Points)
Replied 06 April 2016

Can u please tell me, how to pay stamp duty on allotment of shares in demat form in Maharashtra in online mode of payment? Estbr mode or gras route or igr?

Under which article code it is to be paid ?What would be the name of the other party?

If someone has paid the duty online, plz. Help