stamping on share certificate

[ekta kathuria]

Dear members,

 

As per karnataka stamp act, the stamp duty  i..e  one rupee for every one thousand  rupees, is payable on share cetificate. Is this correct?

 

Further revenue stamp would be affixed on the share certifcate or consolidated stamp duty would be paid by way of franking to deputy commissioner.  As in my case I have to pay stamp duty of Rs. 999 against issue of 9999 equity share of Rs. 10 each and on other Rs. 1 aganist the issue of 1 equiy share of Rs. 10 each. please reply.

 

Regards

Ekta 

 

 

[Bidu Bhusan Dash]

Yes, you are right

 

 

 

 

 

Regards

Bidu

[JAYASIMHA S]

Yes the procedure is correct and it is better to frank it & suggested
to keep a copy of the same. this will help in all future aspects.

[ekta kathuria]

thanks to all.

 

Can i go for affxing of revenue stamp or it is compulsorily to be franked the share certificate. Please tell me law.

 

And what is the procedure followed in bangalore........pls reply.

 

Regards

Ekta

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[Bidu Bhusan Dash]

If you are going to do franking ............please share how you have done that

 

 

 

 

 

 

Regards

Bidu

[ekta kathuria]

Bidu, even am asking for the processs followed in bangalore. Do you know some one.............

Regards

Ekta

 

 

 

 

 

 

Regards

Bidu

--

[Nishi jain]

Dear members,

I do have the similar query. for transfer of shares in a private
company apart from franking of shares will any other compliance
required to be done in relation to stamping of (share or share
certificates) in mumbai.

Thanks
Cs Nishi Jain

--
Kind Regards

CS Nishi Jain

[Prabhakar KS]

Dear All,

Revenue stamps are banned in Karnataka, therefore  no other option other than franking with  Sub-Registrar Office / Bangalore Stock Exchange.


Adiyen Srinivasa Dasan
9740283835

[ekta kathuria]

Thanks Adiyen,

 

Are u based in Bangalore.

 

Regards

Ekta

[JAYASIMHA S]

Revenue stamps are not banned in karnataka, yesterday only i affixed
it for an it company.
Better go for franking. sub registrar, jayanagar, 4th block,
Bangalore.

On Sep 20, 11:56 am, ekta kathuria <cse...@gmail.com> wrote:
> Thanks Adiyen,
>
> Are u based in Bangalore.
>
> Regards
> Ekta

> On Tue, Sep 20, 2011 at 12:19 PM, Prabhakar KS <prabhakarks2...@gmail.com>wrote:
>
>
>
>
>
>
>
> > Dear All,
>
> > Revenue stamps are banned in Karnataka, therefore  no other option other
> > than franking with  Sub-Registrar Office / Bangalore Stock Exchange.
>
> > Adiyen Srinivasa Dasan
> > 9740283835
>

> > On 20 September 2011 10:54, Nishi jain <csnishij...@gmail.com> wrote:
>
> >> Dear members,
>
> >> I do have the similar query. for transfer of shares in  a private
> >> company apart from franking of shares will any other compliance
> >> required to be done in relation to stamping of (share or share
> >> certificates) in mumbai.
>
> >> Thanks
> >> Cs Nishi Jain
> >> On Tue, Sep 20, 2011 at 10:28 AM, ekta kathuria <cse...@gmail.com> wrote:
> >> > Bidu, even am asking for the processs followed in bangalore. Do you know
> >> > some one.............
> >> > Regards
> >> > Ekta
>
> >> > On Tue, Sep 20, 2011 at 10:26 AM, Bidu Bhusan Dash <

> >> bidubhu...@gmail.com>

[JAYASIMHA S]

Two directors sign
Common seal
Franking or Revenue stamp

UPDATE BELOW:
Entry in Register of members
ROST (if applicable)
RODS (if applicable)

On Sep 20, 10:24 am, Nishi jain <csnishij...@gmail.com> wrote:
> Dear members,
>
> I do have the similar query. for transfer of shares in  a private
> company apart from franking of shares will any other compliance
> required to be done in relation to stamping of (share or share
> certificates) in mumbai.
>
> Thanks
> Cs Nishi Jain
>
>
>
>
>
>
>
>
>
> On Tue, Sep 20, 2011 at 10:28 AM, ekta kathuria <cse...@gmail.com> wrote:
> > Bidu, even am asking for the processs followed in bangalore. Do you know
> > some one.............
> > Regards
> > Ekta
>

> > On Tue, Sep 20, 2011 at 10:26 AM, Bidu Bhusan Dash <bidubhu...@gmail.com>

[satish jinde]

hi Ektha

yes you r  right

Satish jinde
Advocate

 

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[Nishi jain]

hi,
can u pl tell me ROST? RODS? stands for.

> Find eNewsletters of ICSI Mysore at: http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx  AND www.esnips.com/web/icsimysore

[Prachi Jain]

Dear Nishi,

In my opinion, its Register of Share Transfer (ROST) and Register of Director's Shareholding (RODS).

Plz correct me if I am wrong.

Regards

Prachi Jain

Regards

Prachi Jain

 

[Nishi jain]

thanks

[gausia khan]

Dear all,

This is just for information :

few days back one of ma fren who is pcs attended a seminar in delhi on stamping of Share documents and the speaker was Stamp duty collector .

He specifically stated that affixing revenue stamps is not permissible and it can be paid only in SDM office.

Thanx and Regards

Gausia Khan

[naresh kumar]

thanx for this valauable information, can plz let me know that where it has been mentioned in stamp Act ?? if you know...

--Thanks & Regards--

Naresh Kumar
M.COM., ACS, LL.B.

MOBILE- 9910683177, 9990892282

 

 

Please consider the environment before printing this e-mail

[gausia khan]

Mr naresh ,

I am also having many queries  in ma mind regarding this  n looking for piece of information because Stamp act only speaks about payment of stamp duty.

Even at seminar somebody  raised a query that even in stamp act adhesive stamp are mentioned at various places and its a normal practice to affix revenue stamps on share certificates and he replied that the adhesive stamps mentioned in stamp act are SPECIAL ADHESIVE STAMPS but in no way revenue stamps.

well i am jst sharing the information recieved from ma fren's end.

If somebdy hav any idea about this, plz share.

[naresh kumar]

okz.... fine

[ULHAS BHAT]

Dear All,
Consider whether the following method can be adopted for paying stamp
duty of share certicates in Karnataka:
1. Pay stamp duty under article 16 of the Schedule to Karnataka Stamp
Act, 1957, by ESTAMP with Stock Holding Corporation of India.
2. Prepare a list of share certificates along with individual stamp
duty and total.
3. Mention in the share certificates 'Consolidated stamp duty paid
vide Certificate No........ giving certificate number as per ESTAMP.
4. Get Certificate as well as the Stamp Paper signed by requisite
signatories as per Resolution of issue of Share Certificates.
I think the above should be permitted, as the other solutions are
pretty impractical and impossible, at least in Mangalore. Proof of
stamp duty payment is online, you have effectively cancelled the stamp
paper as well as the share certificates, and you have also paid
revenue to the exchequer.
Think over whether this route could be used.
Regards
Ulhas S Bhat.

On Sep 22, 3:53 pm, gausia khan <gausiak...@gmail.com> wrote:
> Dear all,
>
> This is just for information :
>
> few days back one of ma fren who is pcs attended a seminar in delhi on
> stamping of Share documents and the speaker was Stamp duty collector .
>
> He specifically stated that affixing revenue stamps is not permissible and
> it can be paid only in SDM office.
>

> On 22 September 2011 15:14, Nishi jain <csnishij...@gmail.com> wrote:
>
> > thanks
>

> > On Thu, Sep 22, 2011 at 2:52 PM, Prachi Jain <csprachij...@gmail.com>

> > wrote:
> > > Dear Nishi,
> > > In my opinion, its Register of Share Transfer (ROST) and Register of
> > > Director's Shareholding (RODS).
> > > Plz correct me if I am wrong.
> > > Regards
> > > Prachi Jain
>

> > > On Thu, Sep 22, 2011 at 2:38 PM, Nishi jain <csnishij...@gmail.com>

> > wrote:
>
> > >> hi,
> > >> can u pl tell me ROST? RODS? stands for.
>

> > >> On Wed, Sep 21, 2011 at 6:23 PM, JAYASIMHA S <simha...@gmail.com>

> > > Regards
> > > Prachi Jain
>
> > > --
> > > Find eNewsletters of ICSI Mysore at:

> > >http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspxAND
> > >www.esnips.com/web/icsimysore
>
> > > You received this message as you are subscriber. To unsubscribe email to:
> > > csmysore-u...@googlegroups.com
>
> > --
> > Kind Regards
>
> > CS Nishi Jain
>
> > --
> > Find eNewsletters of ICSI Mysore at:
> >http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> >www.esnips.com/web/icsimysore
>
> > You received this message as you are subscriber. To unsubscribe email to:
> > csmysore-u...@googlegroups.com
>
> --

> *Thanx and Regards
> *
> Gausia Khan

[JAYASIMHA S]

Agree to your method but what we do is:

1. we will prepare Share Certificates.
2. we will prepare covering letter for asking for stamp duty
(franking) payment.
3. we will pay amount through DD
4. IMP: we have to mention for which certificate how much franking
they need to be done.

[santosh jha]

Dear All,

Can anyone pls. let me know how is the stamping of share certificate to be done in Andhra Pradesh, I mean to say is it by way of franking or revenue stamp will do. If franking than what is stamp rate.

An early response will be of great help.

Thanks
Santosh Kr. Jha
8008884701

Thanks&Regards
Santosh Jha
08008884701

[venkatesh dangeti]

dear all members,

Does SH-1 need to be taken on white paper?? 
franking it  with rupees as per respective stamp act and get it signed by two directors only as common seal was made optional

[Durga Bansal]

Yes, on simple A-4 Size paper is enough or you can take the print on bond paper also for quality purpose.

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