Payment of stamp duty on issue of share certificates

584 views 5 replies

Harshika Thakkar

1 Points Joined August 2018

Hello!

We cannot seem to get a single opinion on whether Stamp duty is supposed to be paid on issue of share certificates.

One view is, as per the Stamp Act, stamp duty is payable on issuance of share certificates.

While another one being that, since stamp duty has been paid while increasing the authorised capital, the same, if paid, on Share Certificates as well, shall amount to payment of double duty.

Please share your opinions and help us solve this confusion at the earliest.

Thanks in advance!

Replies (5)

Vatsla Alagh

1545 Points Joined July 2017

Stamp duty shall be paid within 30 days of issue of share certificates

Sriram Santhanam

156 Points Joined July 2017

Stamp duty is to be paid as per the stamp act of the co

CS Arjun Rajagopal

B.com ACS

1056 Points Joined August 2011

Stamp duty has to be paid on issue of share certificates. Please refer o relevant stamp act. also in some states like Karnataka you can pay e stamp duty.

Malatesh Kudarihal

CA Final

24 Points Joined February 2016

What is stamp duty on share certificate due to transfer from one corporate body to another corporate body?

e.g: 100 shares face value is 10 transfer consideration is Rs 1000/-, but the amount received by the transferor of rs. 1100 now on which value we need to put stamp duty.

Otherwise, we can endorse the backside of the old share certificate of the transferor is enough.