stamp duty for duplicate share

Hi Shreya,

If stamp duty is paid on the Original share certificate, no need to pay duty, if it is a dupicate share certificate issued for share cert. lost/mutilated/defaced. You have to mention in the fresh certificate that "Issued in lieu of ......" and gie the details of duty paid.

Pl see Sec 84 and Companies (Issue of Share Certificates) Rules, 1960

Regards

Rajiv

(above is only opinion of the person and not constitute legal advise. those who use the information are requested to consult legal advisor for authenticity of information)

 The stamp duty is always payable based on the instrument. "Counterpart or Duplicate" of an instrument is covered by Article 25 of the Indian Stamp and for Maharastra, it is covered by Article 27 (the same duty as payable on the original instrument, subject to max of Rs.100/-).

Vasudevan

 The stamp duty for share certificate (duplicate) is covered by Article 27 -(Bombay Stamp Act) the same duty as is payable on the original....which is covered by Article 17 - One Rupee for every one thousand ruppes or a part thereof, of the value of the shares, scrip or stock* please reckon this on the face value of the shares and premium, if any (subject to the stamp duty of maximum Rs.100 only)

Vasudevan