Receive Daily Updates by Email (Free Subscription)

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.

No comments:

Post a Comment