Stamp duty on Share Certificate
This query is : Resolved
27 September 2007
Dear All,
Ours is a public limited non-listed company. We are going to issue shares through private placement. My querries are:
1) What is the rate of stamp duty to be paid on share certificate
2) Can we pay stmap duty by franking share certificate? Is it legal to frank share certificate? If not than what is the way to pay stamp duty on sharecertificate?
3) Stamp duty is to be calculated on paid up value or paid up + primum?
Ours is a public limited non-listed company. We are going to issue shares through private placement. My querries are:
1) What is the rate of stamp duty to be paid on share certificate
2) Can we pay stmap duty by franking share certificate? Is it legal to frank share certificate? If not than what is the way to pay stamp duty on sharecertificate?
3) Stamp duty is to be calculated on paid up value or paid up + primum?
27 September 2007
Share Certificates.
In Delhi the Stamp duty @ of Re.1/- for every one thousand rupees or part thereof of the value of shares has to be paid at the office of Collector of Stamps/SDM.
please check the state rates where it is done as stamp duty is state subject.
franking is allowed and done by inspector general(IG) of stamps in each state.
before stamping you have to declare before the IG the value fOr which STAMPS have to be franked.usually franking done on face value of shares.you may declare face value and get franking done.
C.A.R.V.RAO
In Delhi the Stamp duty @ of Re.1/- for every one thousand rupees or part thereof of the value of shares has to be paid at the office of Collector of Stamps/SDM.
please check the state rates where it is done as stamp duty is state subject.
franking is allowed and done by inspector general(IG) of stamps in each state.
before stamping you have to declare before the IG the value fOr which STAMPS have to be franked.usually franking done on face value of shares.you may declare face value and get franking done.
C.A.R.V.RAO
01 October 2007
Stamp duty is calculated on the face value + premium.
10 October 2007
Thanks for your information sir
Guest
Guest
(Expert)
09 June 2012
RATE OF STAMP DUTY ON SHARE CERTIFICATES.
S.No States Rate of duty
1. Andhra Pradesh Thirty Paisa/Since 30paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
2. Arunachal Pradesh Rs. 5.00 Revenue stamp irrespective of amount
3. Haryana Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
4. Himachal Pradesh Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
5. Karnataka Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.
6. Kerala Fifty Paisa irrespective of amount ,(on Folio)
7. Maharashtra Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock..
8. Manipur NA
9. Nagaland Forty Five Paise Revenue stamp irrespective of amount
10. Orissa One rupee Revenue stamp irrespective of amount
11. Punjab Ten Rupees [40 n.p. under act 34 of 1960 and 25 n.p. prior thereto irrespective of amount ,(on Folio)
12. Rajasthan One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock
13. Tripura As of Assam
14. Uttar Pradesh One Rupee (irrespective of face value market value)
15. National Capital Territory of Delhi One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock
16. Tamil Nadu Rs. 1 Revenue stamp irrespective of amount
17. Madhya Pradesh NA
18. Gujarat One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
19. Bihar NA
20. West Bengal Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.
21. Jharkand NA
22. Chhttisgarh NA
23. J&K NA
24. UttaraKhand NA
25. Meghalaya NA
26. Goa One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
27. Assam NA
28. Sikkim NA
29. Mizoram NA
Union Territories
1. Chandigarh Forty paisa Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
2. Andaman and Nicobar Islands NA
3. Dadra and Nagar Haveli One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
4. Daman and Diu NA
5. Lakshadweep NA
6. Puducherry NA
Best Regards,
Neha Jain
S.No States Rate of duty
1. Andhra Pradesh Thirty Paisa/Since 30paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
2. Arunachal Pradesh Rs. 5.00 Revenue stamp irrespective of amount
3. Haryana Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
4. Himachal Pradesh Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
5. Karnataka Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.
6. Kerala Fifty Paisa irrespective of amount ,(on Folio)
7. Maharashtra Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock..
8. Manipur NA
9. Nagaland Forty Five Paise Revenue stamp irrespective of amount
10. Orissa One rupee Revenue stamp irrespective of amount
11. Punjab Ten Rupees [40 n.p. under act 34 of 1960 and 25 n.p. prior thereto irrespective of amount ,(on Folio)
12. Rajasthan One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock
13. Tripura As of Assam
14. Uttar Pradesh One Rupee (irrespective of face value market value)
15. National Capital Territory of Delhi One rupee for every one thousand or a part thereof of the value of the shares, scrip or stock
16. Tamil Nadu Rs. 1 Revenue stamp irrespective of amount
17. Madhya Pradesh NA
18. Gujarat One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
19. Bihar NA
20. West Bengal Rs,1 for every 1000 Rs, or a part thereof of the value of the share, scrip or stock.
21. Jharkand NA
22. Chhttisgarh NA
23. J&K NA
24. UttaraKhand NA
25. Meghalaya NA
26. Goa One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
27. Assam NA
28. Sikkim NA
29. Mizoram NA
Union Territories
1. Chandigarh Forty paisa Forty Paisa/Since 40paisa Stamp not available , Rs. 1 Revenue stamp irrespective of amount ,(on Folio)
2. Andaman and Nicobar Islands NA
3. Dadra and Nagar Haveli One rupee for every one thousand rupees or a part thereof of the value of the share, scrip or stock.
4. Daman and Diu NA
5. Lakshadweep NA
6. Puducherry NA
Best Regards,
Neha Jain
Message likes :
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Guest
Guest
(Expert)
25 June 2012
Rajasthan Stamp act :
Certificate or other document, exercising the right or title of the holder thereof or any other person, either to any shares, scrip or stock or any incorporated company or other body corporate or to become proprietor of shares, scrip or stock in or of any such company or body :
One rupee for every one thousand rupees or a part thereof, of the face value, of the Shares, Scrip or Stock.
Certificate or other document, exercising the right or title of the holder thereof or any other person, either to any shares, scrip or stock or any incorporated company or other body corporate or to become proprietor of shares, scrip or stock in or of any such company or body :
One rupee for every one thousand rupees or a part thereof, of the face value, of the Shares, Scrip or Stock.
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