stamp duty on duplicate share certificate - Maharashtra
Pankaj
(Querist) 01 April 2011
This query is : Resolved
Dear All,
If company issues a duplicate share certificate, whether stamp duty is payble in following cases:
1. When duplicate share certificate is issued in liu of:
a. Share certificate lost / misplaced
b. Sharecertificate measfisened / torned
c. Consolidated or sub-divided
Can you please guide on the stamp duty payable in state of Maharashtra?
One opinion received is that stamp duty payable only in case of lost share certificate and not in other cases as the origional share certificate (cancelled) is in the custody of company for atleast 3 years.
And whether maximum stamp duty payble on duplicate share certificate is ristricted to Rs. 100/-
Please guide me on above,
Thanking you all.....
M V Gupta
(Expert) 03 April 2011
Now a days the stamp duty on the issue of the shares is being paid by companies by consolidation and they are given an Id number for it which is always awailable on the companies records. Hence no duty need be paid on the duplicate share certificates issued by the company under any of the events.
Pankaj
(Querist) 05 April 2011
Sir,
Thanks for the reply....
But if the company has issued the certificated say before 5 to 6 years then what is suppose to be done for issuing duplicate share certificates now?
Awaiting for your king guidance
