Hi,
Whether issue of shares on account of remat application attracts any kind of stamp duty?
Regards
Chandrashekhar Laddha
+91 99252 37250
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REMAT of shares
Replies (3)
No stamp duty is payable on rematerialisation of shares.
Agree with the learned member. Only in case of transfer of shares in physical form attracts stamp duty otherwise not.
Pls correct me if i am wrong.
Thnks in advance
It seems the Shares are converting from Demat to Remat. ie. electronic to Physical mode. So you will issue Remat Share Certificate. There is no question of issue of Shares.
No Stamp duty for this. only 1 Rupee revenue stamp to be affixed in Share Certificate.
For converting Demat to Remat, the Depository will charge huge amount, if the no of Shares are more.
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