Dear Adarsh,
In case of issue of new share certificate the rate of stamp duty is, w.e.f. 01.05.1994, Re. 1 for every one thousand including premium. (i.e. issue value).
Yes, the issuer(the company) has to pay the relevant stamp duty as applicable irrespective of whether it is issued in either physical of demat mode.
This is because in the Companies Register of members the respective Depository i.e. NSDL or CDSL shall be the registered holder. It will have to issue a share certificate in the name of NSDL/ CDSL on which it will have to pay the stamp Duty.
Stamp duty is payable @ 0.10% on the value of shares. So you will have to pay the stamp duty on the value of shares which the NSDL/ CDSL is holding. Kindly go through the procedure of Dematerialization.
As per Finance At, 2000, stamp duty is waived only for transfer of shares within Depositories.
Hope this information will help you.
Where should he pay the stamp duty on transfers of shares. Should he pay respective stamp duty depending on turn over in respective states of at the head office.
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