Change in levy of stamp duty on transfer of shares

Komal Gupta (Company Secretary) (57 Points)

08 July 2010  

Dear All,
This is the query regarding the stamp duty on the transfer of shares of a company which is having immovable property. Kindly, help me on the matter.
If a company is having immovable property in its assets and the shares of that company are transferred from one owner to the other then, whether the stamp duty applicable to the transfer of immovable property is applicable on the transfer of shares or not.
Kindly reply urgently.
Thanks
Komal Gupta