Stamp Duty On Share Certificate (Rates) For States & Union Territories 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 issue of share certificate by a Company.



State

Rate of Stamp Duty

Applicable Law

Andhra Pradesh

Re. 0.30 (Paisa Thirty Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Arunachal Pradesh

Rs. 5.00 (Rupees Five Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Assam

Rs. 5.00 (Rupees Five Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Bihar

Rs. 10.00 (Rupees Ten Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Chhattisgarh

Rs. 10.00 (Rupees Ten Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Goa

Rs. 10.00 (Rupees Ten Only) for each folio irrespective of the consideration. 

(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

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.


(the value of the shares, scrip or stock includes the amount of premium, if any)

(a) Bombay Stamp (Gujarat   Amendment) Act, 2013

Haryana

Rs. 0.40 (Paisa Forty Only) for each folio irrespective of the consideration. One Rupee Revenue stamp can be affixed.

(a) The Indian Stamp Act, 1899

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

Himachal Pradesh

Rs. 0.40 (Paisa Forty Only) for each folio irrespective of the consideration. One Rupee Revenue stamp can be affixed.

(a) The Indian Stamp Act, 1899

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

Jammu & Kashmir (J&K)

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(a) The Stamp (Amendment) Act, 2011

Jharkhand

Two Annas for each folio irrespective of the consideration. One Rupee Revenue stamp can be affixed.

(a) The Indian Stamp Act, 1899

Karnataka

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(a) Karnataka Stamp Act, 1957

(b) Karnataka Stamp (Amendment) Act 2015

Kerala

Re. 1.00 (Rupee One Only) for each folio irrespective of the consideration.

(a) The Kerala Stamp Act, 1959

Madhya Pradesh

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(a) The Indian Stamp Act, 1899

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

Maharashtra

0.1% (One percent) of the value of the shares, scrip or stock.

(a) Maharashtra Stamp Act, 1958

(b) Maharashtra Stamp (Amendment) Act, 2015

Manipur

Rates as in force in the State of Assam.

(a) The Indian Stamp Act, 1899

Meghalaya

Rs. 2.00 (Rupees Two Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Mizoram

10(Ten) paise for every 100(One Hundred) rupees or a part thereof, of the value of the shares, scrip or   stock.

(a) The Indian Stamp Act, 1899

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

Nagaland

Re. 0.45 (Paisa Forty Five Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Odisha (Orissa)

Re. 1.00 (Rupee One Only) for each folio irrespective of the consideration. One Rupee Revenue stamp can be affixed.

(a) The Indian Stamp Act, 1899

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

Punjab

Rs. 10 (Rupees Ten Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Rajasthan

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(a) The Indian Stamp Act, 1899

(b) The Rajasthan Stamp Act, 1998

Sikkim

(a) The Indian Stamp Act, 1899

Tamil Nadu   

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(a) The Indian Stamp Act, 1899

(b) Tamil Nadu Stamp Act,  2013

Telangana

Rs. 10.00 (Rupees Ten Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Tripura

Rates as in force in the State of Assam.

(a) The Indian Stamp Act, 1899

Uttar Pradesh

Re. 1.00 (Rupee One Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

Uttarakhand

Re. 1.00 (Rupee One Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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

West Bengal

Rs. 0.60 (Paisa Sixty Only) for each folio irrespective of the consideration.

(a) The Indian Stamp Act, 1899

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



Union Territories

Rate of Stamp Duty

Applicable Law

Andaman and Nicobar Islands

Chandigarh

Rs. 0.40 (Paisa Forty Only) for each folio irrespective of the consideration.

Dadra and Nagar Haveli

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

Daman and Diu

Rs. 10.00 (Rupees Ten Only) for each folio irrespective of the consideration. 

(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)

1(One) rupee for every 1000(One Thousand) rupees or a part thereof, of the value of the shares, scrip or stock.

(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.

8 comments:

  1. Anonymous1/10/2018

    what is the rate of stamp duty for share holders agreement in telangana

    ReplyDelete
    Replies
    1. Rahul1/11/2018

      You can check the following link for the info:

      https://www.corporate-cases.com/2016/09/rates-of-stamp-duty-in-telangana.html

      Delete
  2. What is the current share stamp duty rate in noida?

    ReplyDelete
    Replies
    1. Naina9/19/2018

      'One rupee' as per item no. 20 of Schedule to the Uttar Pradesh Stamp Act 2008. There doesn't seem to be any amendments on it afterwards. You can check with any nearby Sub-Registrar's Office of Stamp and Registration Department of Govt of UP. Call them up.

      Delete
  3. Respected Sir/Madam,

    Please tell whether Stamp Duty will be payable on Authorized or paid part only. like our company has authorized capital of Rs 10 Lakhs and out of that paid up capital is Rs 5 Lakhs only.

    Please also tell the method by which It can be paid if our registered office is in Surat, Gujarat.

    ReplyDelete
    Replies
    1. Kamlesh10/08/2018

      Stamp duty is payable on the Authorised share capital. Not on paid up capital. Stamp duty is paid on authorised capital during incorporation of the company. After that as and when a company increases the Authorised capital it pays the stamp duty on the increased amount only.

      Stamp duty is paid electronically these days through MCA portal.

      Additionally, during the issue and allotment of shares (i.e. increase in paid up capital) the stamp duty is paid on the share certificate (i.e. on folio basis or on consideration etc) as mentioned in this article above.

      Stamp duty on share certificate is paid through Franking on share certificate or e-stamping or affixing stamps. Different states have different modes for this.

      Refer for more info: http://www.mca.gov.in/MinistryV2/estamp.html

      Delete
  4. Anonymous11/30/2018

    what is the current share transfer stamp duty rate in Pune?

    ReplyDelete
    Replies
    1. Ashish12/01/2018

      I think it is "One rupee for every rupees 10,000 or part thereof, of the value of the security at the time of its purchase or sale, as the case may be".

      Check out: igrmaharashtra.gov.in >> Publications >> Schedules >> Schedule I of Maharashtra Stamp Act

      Delete

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