Payment of stamp duty on share certificate

Dear 

It is essential to know the State in which the Registered Office of your company is situated to ascertain the amount of Stamp Duty.   

Under the Bombay Stamp Act (BSA),    

Article 25(da) of Schedule I of BSA states that:  the stamp duty for conveyance relating to order of the H.C. u/s  394 of the Companies Act is to be as follows: - 10% of the aggregate of the Market value of the shares allotted in exchange and the amount of consideration paid for such amalgamation, Provided that, the amount of stamp duty  chargeable shall not exceed: ◦ 5% of the true market value of immovable property of the transferor company situated in Maharashtra; or ◦ an amount of 0.7% of aggregate market value of shares issued/ allotted in exchange and the  consideration paid for such amalgamation; Whichever is higher of the two.

Hope u got Clarfied 

Regards

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