share transfer form

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CS Vandana Kacholia (Querist)
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06 October 2009 1)what is the rate of stamp duty at the time of transfer of physical shares of a pvt. company based at mumbai??

2)what if the franked share transfer forms having validity upto 31st march, 2007 have not been executed?? i.e. transfer of shares have not taken place??
and whats the remeady??

3)what if there is delay in stamping of share transfer form??

Kindly clarify step by stsep and please mention relevant section.

Thanks & Regards
Vandana Kacholia

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Guest (Expert)

06 October 2009 (1)the current stamp duty rate is Rs. 1 for every 1000 Rs.

(2)the share transfer form once executed shall be valid for 2 months only, thereafter another form 7D should have to be filed with form 7C.

(3)If delay in share transfer stamping is punishable offence under the bombay stamp act.