Who will bear the revenue stamp expense (25 paise per Rs 100) in case of shre transfer
Transferor or transferee?
prakash
(Company Secretary)
(1352 Points)
Replied 27 July 2015
Anita,
It is not revenue stamp but share transfer stamp, which has to be affixed on transfer deeds and either of them (Transferor or Transferee) can bear the expenses, however, in general practice, it is born by Transferee, there is no prescribed provision on said subject. like in case of sale of property, buyer bears the expenses of stamp duty.
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