Stamp duty on conversion of preference shares into equity


Khushbu (Practising Company Secretary)     17 April 2017

Khushbu
Practising Company Secretary 
 2 likes  127 points

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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.

anjan (Company Secretary)     25 May 2018

anjan
Company Secretary 
 22 points

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yes

it has to be paid

avater

Kejas (Practicing Company Secretary)     11 April 2019

Kejas
Practicing Company Secretary 
 22 points

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why


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