Share Transfer Stamp Duty

[Sujeet Kumar]

Authorised Capital Transfer-Rs. 250000 for 25000 share

Paid up capital transfer- Rs. 25000 for 2500 share transfer

state where company exist- Odhisha

Now what is stamp duty in total? whether will be paid on authorised capital ?

[CA SUJEET KUMAR]

Please do reply

Regards,

C.A. Sujeet kumar

M/s KUMAR & SHARMA
M- 9716622294, 7011095596

O-8595012719

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[Rajesh]

U can transfer only the paid shares held in the name of members.

Stamp duty for transfer of shares is 25 paise per 100 rupees.

As I understood from your query, paid up share capital of your company is Rs. 2500 shares of Rs 10 each. Value is Rs.25000/-

Stamp duty is Rs. 62.5. our day Rs.63.

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[CA SUJEET KUMAR]

But ROC take stamp duty on authorised capital so in case of transfer, stamp duty is required to pay on authorised capital.

Any view from others is welcomed.

Regards,

C.A. Sujeet kumar

M/s KUMAR & SHARMA
M- 9716622294, 7011095596

O-8595012719

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[CS Vratika Sidana]

Stamp Duty on Authorised Capital is already paid to the concerned government  through MCA on Incorporation/ Authorised Capital Increase that is totally separate thing.

When Shares are transferred, it has to be paid on the number of shares transferred (Consideration Amount*Rate of Stamp Duty) i.e. it will always be from paid up capital

The Stamp Duty on Share Transfer is uniform all over India and has been revised w.e.f. 01/07/2020 kindly go through Indian stamp Act.

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With Warm Regards,

Vratika Sidana

Associate Company Secretary