It is ‘higher in Maharashtra’ and probably ‘Lowest in Delhi’. √ Stamp duty payable on share certificate is lower in some states than other. Issue of Share Certificate from other State: Stamp duty on share certificate is State subject, but Stamp Duty on Debenture Certificate is a Union Subject.Stamp duty is payable on issue price and not on the value of security.Stamp duty is payable even if security is issued in dematerialized form.The Share certificate must bear stamp duty as per State Stamp act.The rates of stamp duty can be obtained with reference to relevant article of given State Act.Īccording to Companies Act, 2013,- “Every person whose name is entered as a member in the register of members shall be entitled to receive share certificate within two months after allotment (or within such other period as the conditions of issue shall provide).”Īccording to Indian Stamp Act, 1899, the Company shall pay the stamp duty within thirty days after the Issue of Share Certificate. As per Section 3 of Indian Stamps Act 1899, Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State/ Union Territory from which Certificate is issued.
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