Stamp duty on share transfer forms

Ajay Ranade (Proprietor) (35 Points)

10 June 2013  

Hi,

Want views on the following query.

Can a foreign corporate buyer of equity shares of Indian Unlisted Company pay consolidated Stamp Duty on only one Share Transfer Form and give reference to all other transfer forms? [Transaction involves about 1000 share certificates & 100 share transfer forms]

Is there are other procedural requirements, intimations etc to Government Authorities?

Members are requested to through light on this aspect.