Dear friends,
we have have issued the shares at premium, now we want to issue the share certificate
whether the Stamp duty on share certificate is to be paid on face value or on premium (face value + premium)
Thanks & regds
satish
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stamp duty on Share Certificate
Replies (5)
Dear Satish
As per Indian Stamp Act, Stamp duty of the share certificates has to be paid on face value + premium.
Regards
Jaideep Pandya
Thanks Jaideep.
I have checked the Indian Stamp Act,
satish
Agree with Mr. Jaideep....
STAMP DUTY FOR SHARE CERTIFICATES
|
Upto 09-12-1985
|
0.50 paise per share certificate
|
|
From 10.12.1985
to 16.03.1988
|
Re. 1 per share certificate irrespective of value
|
|
From 17.03.1988
to 31.03.1993
|
Re. 1 for100/- or part thereof (1%)
|
|
From 01.04.1993
to 30.4.1994
|
50 paise per 100/-
|
|
With effect from
01.05.1994
|
Re. 1 for every one thousand including premium. (i.e. issue value)
|
|
Sl |
Name of the State/ UT |
Rate |
|
1 |
Andhra Pradesh |
30paisa irrespective of amount ,(on Folio) |
|
2 |
Arunachal Pradesh |
Rs 5 irrespective of amount ,(on Folio) |
|
3 |
Haryana |
40 paisa irrespective of amount ,(on Folio) |
|
4 |
Himachal Pradesh |
40 paisa irrespective of amount ,(on Folio) |
|
5 |
Karnataka |
Rs,1 for every 1000 Rs, or a part thereof |
|
6 |
Kerala |
50 paisa irrespective of amount ,(on Folio) |
|
7 |
Maharashtra |
Rs,1 for every 1000 Rs, or a part thereof |
|
8 |
Manipur |
NA |
|
9 |
Nagaland |
40 paisa irrespective of amount ,(on Folio) |
|
10 |
Orissa |
Re 1 irrespective of amount |
|
11 |
Punjab |
Rs 10 irrespective of amount |
|
12 |
Rajasthan |
Rs,1 for every 1000 Rs, or a part thereof |
|
13 |
Tripura as of Assam |
|
|
14 |
Uttar Pradesh |
Re 1 irrespective of amount |
|
15 |
Tamil Nadu |
Re 1 irrespective of amount |
|
16 |
Madhya Pradesh |
NA |
|
17 |
Gujarat |
Rs,1 for every 1000 Rs, or a part thereof |
|
18 |
Bihar |
NA |
|
19 |
West Bengal |
Rs,1 for every 1000 Rs, or a part thereof |
|
20 |
Jharkand |
NA |
|
21 |
Chhttisgarh |
NA |
|
22 |
J&K |
NA |
|
23 |
UttaraKhand |
NA |
|
24 |
Meghalaya |
NA |
|
25 |
Goa |
Rs,1 for every 1000 Rs, or a part thereof |
|
26 |
Assam |
NA |
|
27 |
Sikkim |
NA |
|
28 |
Mizoram |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Union Territories |
|
|
1 |
Delhi |
Rs,1 for every 1000 Rs, or a part thereof |
|
2 |
Chandigarh |
40paisa irrespective of amount ,(on Folio) |
|
3 |
Andaman and Nicobar Islands |
NA |
|
4 |
Dadra and Nagar Haveli |
Rs,1 for every 1000 Rs, or a part thereof |
|
5 |
Daman and Diu |
NA |
|
6 |
Lakshadweep |
NA |
|
7 |
Puducherry |
NA |
|
|
|
|
|
|
|
|
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