Stamp Duty

Transfer of movable and immovable properties in India attract stamp duty.Corporate restructuring involves transfer of assets/liabilities of the TransferorCompany to the Transferee Company, which attracts stamp duty. The liability tostamp duty would depend upon the State in which the instrument evidencingtransfer of property is executed. The rate and incidence of stamp duty varies fromState to State

.MOST OF STATE GOVTS DO EXEMPT GOVT. COS. FROM STAMP DUTY ON SUCH TRANSFER OF SHARES ON AN APPLICATION BEING MADE TO THE RESPECTIVE STATE FINANCE DEPT /  INSPECTOR GENERAL OF REGN AND  STAMPS .

BUT IT IS THE DISCRETION OF RESPECTIVE STATE ,THE STAMP DUTY  BEING A STATE SUBJECT.

BUT AS SUCH TERE IS NO BLANKET EXEMPTION FOR GOVT. COS. FROM STAMP DUTY.

R.V.RAO

I am agree with u that stamp duty  is state matter.

can u pls clarify the instance of stamp duty on isssue of share certificate...whether it is depends on the state where Registered office is situated or we can pay as per the place/state where board meeting held for issue.

Regards

No stamp duty req in Dmat form for share transfer