Company Secretary
754 Points
Joined January 2011
|
Originally posted by : Nidhi Thakkar |
 |
Is stamp duty payable on share transfer certificate also??? if yes how much..??? please let me know the difference between transfer deed and transfer certificate.... why both need to be done..????
Regards
Nidhi Thakkar |
 |
Hello Nidhi
Share Transfer Deed is Form 7B. Its a document which executes transfer from transferor to transferee
and needs to get duly stamped. Stamp Duty is 0.25 Paise for Rs.100/-.
Post this share certificate is issued to the Transferee , and stamp duty i guess, applicable is 0.10 paise for
Rs.100/- I dont think there is anything called Share Transfer Certificate in Companies Act 1956.
Issue of Share Certificate is itself a deemed transfer from transferor to transferee.
Experts,
Please advice and pardon me if am wrong.
regards
Santosh Shah