Stamp duty on conversion of preference shares into equity

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Dear All, Kindly let me know whether any stamp duty is payable on conversion of CCPS Shares into Equity Shares? Since, the company has already paid stamp duty at the time of issue of CCPS. So is it required to be paid again while conversion? Please answer. Its urgent.
Replies (2)

yes

it has to be paid

why


CCI Pro

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