Stamp duty on Reissue of Share Certificates after Split

Yes. It is required to be paid again.

Regards

And it is required to be paid @ Re.1/- for each Rs.1,000/- including premium (i.e. issue price)

If shares of Rs. 1.00 lacs has been issued at a premium of Rs. 1.00 Lacs.

Than Rs. 1.00 for Rs.1000 shall be on Rs. 1.00 lacs (FACE VALUE) or Rs. 2.00 lacs (FACE VALUE + PREMIUM)  ?

Dear Ankur Sir,

IT IS MENTIONED IN THE RAJASHTAN STAMP ACT 1998:

 Please Clarify whether stamp duty is paid on face value of shares or inclusive of premium amount ?

Dear Ms. Neha

If u read Stamp Act, it generally says one rupees for every one thousand or part thereof of the value of the share, it means share price will also include dividend  or discount  for duty payment.

Regards

Dear Ajay Sir,

Please Check Rajasthan Stamp act 1998 in this regard on this link :

https://india.gov.in/allimpfrms/allacts/2146.pdf

Page 93 point no. 18

Kind Regards/ Neha

Bombay Stamp Act clearly says that the stamp duty is required to be paid on the value of the Shares and this includes Premium. But the Rajasthan act only mentions that the Stamp Duty is applicable only on face value and if the Rajasthan Act is aplicable to you..then u consider the same for Stamping purposes.

Payment of revenue is the subject matter of state list therefore payment must be mde as per the state act. Item no. 18 talks about face value of Shares/scrip/stock.

Regards,

Vivek

hi friends.

I want to know  why it is required to pay stamp duty again on spliting  of share certificate since i have already paid at the time of issue and under which provision of Bombay Stamp Act, it is required to pay stamp duty on re-issue of share certificate at the time of spliting of share certificates.

regards,

seema  

I have seen splitted certificates mentioning " stamp duty paid on original cert. no. ***** "

request to clarify and  tell where it has been mentioned for payment of stamp duty on the splitted share certificates. what could be the case of consolidation of certificates?