Stamp duty on convertible warrants

This query is : Resolved

P.C. Joshi (Querist)
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29 January 2013 Dear Friends,

A private limited company has issued warrnats to a body corporate having a face value of Rs 13. crores. The warrants are convertioble into equity shares within a period of 7 years at the option of allotte.

Out of which 10% amount Rs 1.30 crores is payable on subscription and balance 90% on conversion of warrants into equity.
can any one pls guide me whether a stamp duty is payable on such warrants under Delhi Stapms Act and at what stage and at what value.

Looking forward to a prompt response.

Thanks & Regards

P.C. Joshi

P.C. Joshi

P.C. Joshi (Querist)
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30 January 2013 Any Response pls????????????