stamp duty -in demat form??


Mayuri Lal (officer CS)     05 May 2011

Mayuri Lal
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Hi ,
 
Can anyone tell me the provision regarding the payment of stamop duty when the shares are alloted in the demat form.
 
I searched in FAQ of NSDL it says "the Issuer has to pay the relevant stamp duty as applicable irrespective whether it is issued in either physical or demat form. As per the Finance Act 2000, stamp duty is waived only for transfers within the depository."
 
this stamp duty as applicable is ???
and how it is paid.
 
If anyone can tell me the procedure of teh same.

avater

Jaideep (Service)     05 May 2011

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Hi-  Will be paid through e-stamping. Plz refer the attached form. Rate of duty will be same as applicable in that particular state.

Also refer -

 
 

Regards

Jaideep Pandya


Attached File : 25 estamping form.pdf downloaded: 973 times
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Mayuri Lal (officer CS)     05 May 2011

Mayuri Lal
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Thanks a lot Jaideep

Dhruv Berry (Student)     23 January 2012

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hey jaideep, can you please clarify which document is required to be stamped in cases of issue of shares in electronic form like a share cerificate is required to be stamped in case of shares in physical form? also if this document does not exist then what is the procedure for stamping shares in electronic form?is the stamp duty levied in the transaction itself before such electronic shares are issued? please reply asap!

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Neha Jain (Company Secretary)     23 January 2012

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Stamp duty will also be paid on issue of share cert in demat form.

Dhruv Berry (Student)     24 January 2012

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thanks neha! but can you please clarify your answer with some legal justification? for eg:- how are shares issued in demat form? and to whom share certificates are issued when shares are issued in electronic form? is it the depository participant? can you please highlight the basic procedure? thanks!

deepak kumar (CS)     31 March 2012

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Neha Ji

In case of demat i think we do not issue the share certificate then how we pay stamp duty.

please guide

avater

Neha Jain (Company Secretary)     31 March 2012

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We have to pay consolidated stamp duty to the collector of stamps in case of demat shares.

ruchi (cs)     23 May 2015

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whether stamp duty is to be paid when shares in DMAT form . Corporate Action has been done for new allotment, Dmat account and Master data also updated but stamp duty not paid? My query is that when we are allotting shares to shares and after filing PAS 3 with ROC, taking corporate action for electronic credit of shares without issuing share certificate to shareholders in such a case whether it is required to pay stamp duty??

Plz suggest

ABHISHEK JAIN (SERVICE)     06 April 2016

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Can u please tell me, how to pay stamp duty on allotment of shares in demat form in Maharashtra in online mode of payment? Estbr mode or gras route or igr?

Under which article code it is to be paid ?What would be the name of the other party?

If someone has paid the duty online, plz. Help


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