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Stamp Duty on "Share Warrant" Statewise in India

In accordance with the Indian Stamp Act 1899 read with the laws for stamp duty of respective States and Union Territories - stamp duty is required to be paid in case of share warrants.


State

Rate of Stamp Duty

Applicable Law

Reference

Andhra Pradesh

One and a half times duty payable on Conveyance (No: 20) for a consideration or Market value equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959

Arunachal Pradesh

One and a half times duty payable on a Conveyance (No. 23) for a consideration equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Arunachal Pradesh Amendment) Act, 2007

Assam

One and a half times duty payable on a Conveyance (No. 23) for a consideration equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Assam Amendment) Act, 2004

Bihar

(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Bihar Amendment) Act, 1991



Chhattisgarh

(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Chhattisgarh Amendment) Act, 2005

Goa

One and half times the duty payable on a mortgage deed with possession No. 59 (a) for the amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968


(c) The Indian Stamp (Goa Amendment) Act 2015

Gujarat

The same duty as a Bond (No.14) for the same amount.
(a) Bombay Stamp (Gujarat Amendment) Act, 2014

Haryana

One-and-a-half times the duty payable on a mortgage deed with possessin No.40(a) for the amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Haryana Amendment ) Act, 1971

Himachal Pradesh

One-and-a-half times the duty payable on a mortgage deed with possessin [40(a)] for the amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Himachal Pradesh Amendment) Act, 1952



Jammu & Kashmir (J&K)

The same duty as a conveyance (No. 18) for a market value equal to the nominal amount of the shares specified in the warrant.
(a) The Stamp (Amendment) Act, 2011

Jharkhand

(a) The Indian Stamp Act, 1899

Karnataka

One and a half times the duty payable on a Conveyance (No. 20) for a market value equal to the nominal amount of the shares specified in the warrant.
(a) Karnataka Stamp Act, 1957


(b) Karnataka Stamp (Amendment) Act 2015

Kerala

(a) The Kerala Stamp Act, 1959



Madhya Pradesh

One and a half times duty payable on a conveyance (No. 25) for a market value equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Madhya Pradesh Amendment) Act, 2014

Maharashtra

Rs. 5 (Rupees Five Only)
(a) Maharashtra Stamp Act,   1958


(b) Maharashtra Stamp (Amendment) Act, 2015

Manipur

(a) The Indian Stamp Act, 1899

Meghalaya

One-and-a-half time the duty payable on conveyance (No.23) for a consideration equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Meghalaya Amendment) Act,   1993

Mizoram

The same duty as a-Bond (No. 15) for a consideration equal to the criminal amount of shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Mizoram Amendment) Amending Act, 1996



Nagaland

One-and-a-half times duty payable on a Conveyance (No. 23) for a consideration equal to the nominal amount of the share specified in the Warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Nagaland Amendment), 1989

Odisha (Orissa)

One-and-a-half times duty payable on a Conveyance (under Division (A), of article 23) for a consideration equal to the nominal amount of the share specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Orissa Amendment) Act, 2001

Punjab

One and a half time the duty payable on a mortgage deed with possession (No.40) (a) or the amount equal to the nominal amount of the share specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Punjab   Amendment ) Act, 2005


Rajasthan

5% of consideration
[Post rebate - 2%]
(a) The Indian Stamp Act, 1899


(b) The Rajasthan Stamp Act, 1998

Sikkim

(a) The Indian Stamp Act, 1899

Tamil Nadu 

Nine rupees for every one hundred rupees or part thereof on the amount of sale value of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) Tamil Nadu Stamp Act,  2013


Telangana

One and a half times duty payable on Conveyance (No: 20) for a consideration or Market value equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Andhra   Pradesh Extension and Amendment) Act, 1959

Tripura

(a) The Indian Stamp Act, 1899

Uttar Pradesh

The same duty as a debenture transferable by delivery (No.27b) for a face amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Uttar Pradesh Amendment) Act, 1997





Uttarakhand

The same duty as a debenture transferable by delivery (No.27b) for a face amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Uttarakhand Amendment ) Act, 2002

West Bengal

One and a half times the duty payable on a Conveyance (No. 23) for a consideration equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (West Bengal Amendment) Act,   1987



Union Territories

Rate of Stamp Duty

Applicable Law

Reference

Andaman and Nicobar Islands

(a) The Indian Stamp Act, 1899
Chandigarh

(a) The Indian Stamp Act, 1899
Dadra and Nagar   Haveli

(a) The Indian Stamp Act, 1899
Daman and Diu

One and half times the duty payable on a mortgage deed with possession No. 59 (a) for the amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp Act, 1899


(b) The Indian Stamp (Goa, Daman and Diu Amendment) Act, 1968

National Capital Territory of Delhi (NCT of Delhi)

One and a half times the duty payable on a mortgage deed with possession No. 40 (a) for the amount equal to the nominal amount of the shares specified in the warrant.
(a) The Indian Stamp (Delhi Amendment) Act, 2001

Lakshadweep

(a) The Indian Stamp Act, 1899

Puducherry (Pondicherry)

(a) The Indian Stamp Act, 1899




Disclaimer: We have made best efforts to compile the above information. However, you are requested to refer to the relevant Stamping laws in force of the concerned State/Union Territory and/or consult with respective statutory authorities before proceeding with any actual transaction. We shall not be held responsible for any discrepancy or inaccuracy found in the above information. Any discrepancy found in the above may be brought to our notice through email or comment below.

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