Desai (CS) (329 Points)
18 February 2015Hello,
Under the companies act 2013, For payment of stamp duty on share certificate after allotment under preferential issue listed company
pls suggest. Following.
1) franking on share certificate still exit ??
2) Is it ok to pay stamp duty by generating eSBTR challan and making payment on any of IDBI , punjab national bank etc ??
3) What is the other offline mode for payment of stamp duty ??
4)Can stamp duty after allotment is paid when in principle of listing approval is pending from BSE ??
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 18 February 2015
Payment of stamp duty on share certificates is governed by rules of respective States from where the certificates are issued. Hence you have to rerfer to your State law on stamp duty.
Stamp duty has to be paid before execution of the document, i.e. before signing the share certificate in this case. Date of approval of stock exchange is not relevant here.
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