Hello friends,
I just want to ask if a private company (registered in Delhi) wants to issue shares in Demat form then what is the procedure to pay stamp duty on it. How to pay stamp duty and what is the procedure in whole? please help me, its urgent.
Thanks & regards
Ritu
Stamp duty in delhi is One rupee for every one thousand, or a part thereof, of the value of the shares. I think Company will have to issue a share certificate in the name of NSDL/ CDSL on which it will have to pay the stamp Duty. However, if we see the corporate action form it no where says that such Share certificate is to be issued in the name of depository. I suggest to talk to NSDL/ CDSL on this issue.
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