Stamp duty on Share certf. in Delhi

Hi,

Yes objection by auditors is correct.

The rate of stamp duty on the issue of Shares in new Delhi is 0.1%  i.e. Rs. 1 on face value of Rs. 1000/- of the consideration including the amount of premium.

Can you can show your BM for allotment in UP or Haryana where the stamp duty is Rs. 1 irrespective of amount involved? This is the general practice followed by companies.  

Another option would be to present the share certificate to the appropriate authority subject to the provisions of section 113 (Time limit for issue of share certificate). Further tell me the date of allotment to suggest something keeping in view the provisions of section 113 of companies act, 1956.

Best Regards

Hi

In case of transfer of shares, how stamp duty is to be paid?

Rate of Stamp duty

Stamp duty for transfer of shares is 25 paise for every Rs. 100 or part thereof of the value of shares as per Notification No. SO 130(E), dated 28-01-2004 issued by the Ministry of Finance, Department of Revenue, New Delhi.

You may pay the stamp duty by pasting the stamps on the back side of share transfer deed. There is a specified place in share transfer deed for pasting of stamps.

If number of stamps are too much than you may paste them on a plain paper and attach the plain paper with share transfer deed. Proper cancellation of stamps is mandatory.

Regards

hi...

Can anyone please tell me that whether the stamp duty on the issue of share certificates is paid before mentioning the date on them, and also the procedure for the stamping of share certificates

Looking for a quick reply.

Thanks

Anshi Srivastava

The stamp tickets shall be affixed on the Share Certificate, in the Left Side Bottom of the Certificate, Which area is Blank.

The Dtae first Should be entered and then Stamp Tickets shall be Placed.

Logic behind the same: The date should be first entered, to Crystalize the Stamp Duty Rate.

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Originally posted by : Ankur Garg
	Hi, Yes objection by auditors is correct. The rate of stamp duty on the issue of Shares in new Delhi is 0.1%  i.e. Rs. 1 on face value of Rs. 1000/- of the consideration including the amount of premium. Can you can show your BM for allotment in UP or Haryana where the stamp duty is Rs. 1 irrespective of amount involved? This is the general practice followed by companies.   Another option would be to present the share certificate to the appropriate authority subject to the provisions of section 113 (Time limit for issue of share certificate). Further tell me the date of allotment to suggest something keeping in view the provisions of section 113 of companies act, 1956. Best Regards

 Ankur Sir - How can showing a BM for allotment in UP or Haryana affect the rate of stamp duty. Stamp duty is paid acc. to rules of the state in which in company is incorporated..........please clarify

Hiii..

Revenue stamps can be used as an alternative for franking.

Revenue stamps can be affixed, agree with learned member jeets.