stamp duty on bonus shares

Others 9523 views 11 replies

Hi


is stamp duty required to be paid on bonus shares allotment? will it make any difference if the allotment is by a listed company and unlisted company also?

Replies (11)
fbt on vehical hire charges
The stamp duty is to be paid on the share certificate irrespective of the fact whether it is a bonous issue or rights issue or public issue.There is no difference on stamp duty on shares of a listed company or unlisted company.The rate of stamp duty is different in different states.In many states there is no stamp duty on share certificates.
The stamp duty is to be paid on the share certificate irrespective of the fact whether it is a bonous issue or rights issue or public issue.There is no difference on stamp duty on shares of a listed company or unlisted company.The rate of stamp duty is different in different states.In many states there is no stamp duty on share certificates.
What is the stamp duty payable on issue of shares in Bombay?
what is stamp duty payable on issue of Bonus shares.
what is the stamp duty rate for issuance of share certificate in Jharkhand state. whether the duty is chargable as per the location of registered office of the Company or place of issuance of share certificate irespective of registered office situated in the state.

What is rate of stamp duty on

(i) Fresh issue of Equity shares

(ii) Transfer of equity shares

The company's registered office in Mumbai and corp office in Ahmedabad.

Regards

 

stamp duty on transfer is 25 paise for every hunderd rupees on the total consideration for transfer.(all over india-same rate)

Stamp duty on fresh issue i.e on fresh sh. certificates is re.1 for every thousand rupees or part thereof.(as per bombay stamp act)

Originally posted by :CS Arpita
" stamp duty on transfer is 25 paise for every hunderd rupees on the total consideration for transfer.(all over india-same rate)
Stamp duty on fresh issue i.e on fresh sh. certificates is re.1 for every thousand rupees or part thereof.(as per bombay stamp act)
"

Thanks for sharing the information related to Stamp suty on bonus issues. Could you kindly enlighten me the provisions which states that. Also let me know what is the remedy if we fail to pay the stamp duty. Thanking you in advance.

Swami

The Provision related to Stamp duty on Shares is given under the every states Stamp Act.

The remedy is also written in that act.



Ankur Shah (Practicing Company Secretary)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

Contact: + 91-9427633901

E-mail: ankurjewel @ gmail.com

Blog: csankur.blogspot.com

 

 

whom do we pay the stamp duty???

 


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