E stamp on share transfer

Hi Arvind,

The general practice followed in the case of transfer of shares is affixng share transfer stamps.

If the amount involved is large then separate blank papers can be used for affixing share transfer stamps. I know this is a tedious task.

The Companies Act, 2013 or Indian Stamp Act, 1899 is silent about the mode of payment of stamp duty. 

You may check with treasury department in your area whether franking of stamps is allowed or epayment of stamp duty is allowed on transfer of shares? In states like Karnataka, Maharashtra franking can be done. In our state Kerala no franking is allowed. So we are forced to affix stamps. It is the discretion of revenue dept of the state.

Regards,

Arjun Rajagopal