Can revenue stamp be affixed on share certificate?

Can revenue stamp be affixed on share certificate in Maharashtra?

Rate of Stamp Duty

₹1.00 Revenue stamp can be affixed. 0.1% of the value of the shares (₹1 for every ₹1000) including the amount of premium, if any.

Can revenue stamp be affixed on share certificate in Karnataka?

The stamp duty as per the Delhi legislature has been decided to be Re 1.00 for every Rs 1000 or a part thereof, including the amount of premium if applicable. What is the stamp duty imposed on share certificate in Karnataka? … The facility of revenue stamps is not available in Karnataka.

How do I pay stamp duty on share certificates?

Documents Required for Payment of Stamp Duty on Shares

  1. Signed share certificate.
  2. Company COI, MOA, and AOA.
  3. Form PAS 3 along with Payment Receipt filed to ROC (in case of additional allotment)
  4. List of subscribers/ List of allottees.
  5. Board resolution of shares allotment to the subscribers.

Do share certificates need to be stamped?

ANSWER: As per Indian stamp act 1899, Stamping is a tax on the documents executed in India, share Certificates comes under the definition of Instrument, hence it is liable to be stamped as per the government specifications.

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How can I pay stamp duty on share certificate in Kerala?

The company shall pay the stamp duty through the SHCIL e-stamp website link by online mode. *Stamp duty on share certificate is State subject, so it is very stated to state. Stamp Duty amount will be paid via Net Banking/Debit Card/ Cash/ NEFT/ RTGS.

How do I prepare for SH 4?

SH-4 should be

  1. Duly stamped.
  2. Dated.
  3. Specifying the Name, Fatehr Name, Address and Occupation, if any, of the transferee & Transferor.
  4. Folio No. …
  5. Distinctive No, Certificate No. …
  6. of Share Transfer.
  7. Nominal Value of Shares, Consideration Received.
  8. Executed by or on behalf of the transferor and the transferee and ‘

What is the stamp duty for transfer of shares in Karnataka?

Stamp Duty on Transfer of Shares: Statewise in India (Chart)

State Rate of Stamp Duty
Karnataka Twenty-five paise (Re. 0.25) for every hundred rupees (Rs. 100) or part thereof of the value of the shares
Kerala Twenty-five paise (Re. 0.25) for every hundred rupees (Rs. 100) or part thereof of the value of the shares

Where do I pay stamp duty on transfer of shares?

If new shares and/or debentures are issued;

  • Issue of securities other than through stock exchange and depository.
  • Issuer will pay the stamp duty.
  • Stamp Duty to be paid to the state where registered office of the company is situated.
  • Stamp Duty to be paid on the market value of the shares and debentures.

Does a company pay stamp duty on shares?

The buyer normally pays stamp duty on shares. If you are buying shares from a broker, they will absorb the cost of stamp duty within the share contract. For those individuals and businesses trading shares without a broker, it is your responsibility to calculate and pay the stamp duty within 30 days of the transaction.

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Where do you pay stamp duty on shares?

In the case of dematerialized shares the responsibilities of collecting stamp duty in case sale/transfer of shares are on the stock exchange, clearing corporation, and depository, as the case may be. When the physical shares are transferred, stamp duty is paid in form of adhesive stamps affixed on SH-4.