Stamp fees in W. B. for Refund of Shares from IEPF

Sirs

What is the rate of Stamp duty / Non Judicial Stamp duty in West Bengal, Claiming for Refund of Equity Shares transferred to IEPF? 

Regards

Biplab Chakraborty

Replies (1)

The stamp duty for an Indemnity Bond required for a refund of shares from the IEPF in West Bengal is ₹100.

Key Requirements for the Indemnity Bond:

  • Stamp Paper Value: You must use a non-judicial stamp paper of ₹100.

  • Execution: The bond must be executed in the name of the claimant.

  • Validity: The date of execution of the bond must be within six months from the date of purchase of the non-judicial stamp paper.

  • Documentation: Ensure the document is duly signed by the claimant(s) and two witnesses, and it must be notarized.

  • Format: Use the standard format for the Indemnity Bond (typically provided as an annexure in the IEPF-5 instruction kit) and include your specific details. Do not use the raw specimen format without filling in your information.

Summary of Next Steps:

  1. File Form IEPF-5: Complete and upload the e-Form IEPF-5 on the MCA portal to generate an acknowledgment/challan with a Service Request Number (SRN).

  2. Prepare Physical Documents:

    • Print the generated Indemnity Bond on ₹100 non-judicial stamp paper.

    • Get it signed and notarized.

    • Prepare the Advance Stamped Receipt (affix a ₹1 revenue stamp and cross-sign it).

  3. Submission: Send the physical set of documents, including the Indemnity Bond, Advance Receipt, a copy of the IEPF-5 form, and other KYC documents (Aadhaar, PAN, CML, etc.) to the Nodal Officer (IEPF) at the registered office of the concerned company in an envelope clearly marked: "Claim for refund from IEPF Authority."


Summary: For a refund of shares from the IEPF in West Bengal, the Indemnity Bond must be executed on a non-judicial stamp paper of ₹100. This document, along with other mandatory KYC and entitlement proofs, should be sent to the company's Nodal Officer after successfully filing the online IEPF-5 form.

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