Stamp duty in Hyderabad

[Jeevan]

Dear friends,

Any one know about stamp duty in hyderabad for:-

Share Certificate and Share Transfer Deed,Is it real stamps to ber
pasted or franking,
Can any one throw light on this?

Regards
Jeevan varghese
Practicing Company Secretary,
Bangalore-09739434246.

[Ratnamala Hegde]

Dear Jeevan,

 

Stamp duty for Share certificate and Share transfer deed is same for whole India i,e

 

- for Share Certificate it is Rs.1 for every Rs.1000

- for Share transfer deed it is 0.25p for every Rs.100

Franking or affixing of real stamps depends upon the availability of stamps. 

In Karnataka no stamps are available, so franking is in practice. 

 
--
Regards,
Ratnamala Hegde

[Jeevan]

Dear Ratnamala,

I came to know that different rates of stamp duty varies from state to
state,and its not uniform.
Please clarify.

[chakri hegde]

Dear Jeevan,

As per my knowledge, 

the stamp duty on Share Certificate and Share Transfer Deed is uniform for all over India.

As rightly said by Ratnamala Hegde,

---- for Share Certificate, its Re. 1/- for every Thousand Rupees or any part thereof and 

---- for Share Transfer Deed, its 0.25 paise for every Hundred Rupees or any part thereof.

and you can get them stamped in the Regional Stock Exchange, Hyderabad also instead of Franking.

---------------------
With Best Wishes
Chakri G Hegde
Indo Nissin Foods Ltd
Bangalore

[suhasini B]

Ratnamala is correct:

for Share Certificate, its Re. 1/- for every Thousand Rupees or any part thereof and

for Share Transfer Deed, its 0.25 paise for every Hundred Rupees or any part thereof.

Regards Suhasini Ashok.B Company Secretary/Compliance officer Bangalore Stock Exchange Ltd. --- On Wed, 15/7/09, chakri hegde <chakri...@gmail.com> wrote:

See the Web's breaking stories, chosen by people like you. Check out Yahoo! Buzz.

[Natesh Kalidevapur]

Dear all,

 

Stamp duty on Share certificate----fall under respective state act, hence rates differ from state to state.

 

Stamp duty on Transfer deed---------- Central act, hence rates are uniform in all states.

 

 

 

 

On Wed, Jul 15, 2009 at 7:17 PM, Jeevan <jeevanm...@gmail.com> wrote:

--
with regards

Natesh K
Bsc., LL.B., A.C.S.
Company Secretary

No.287,26th Cross, 9th Main,B.S.K 2nd  Stage, Bangalore-560 070
Phone No. 080-26714318
Mobile No.9740955771

[raja karthik]

Dear Jeevan,

 

As far as the levy of stamp duty is concerned it appears in all the three lists Central, State and Concurrent list.

 

As per list I Central governement  is authorised to levy stamp duty on transfer of shares and debentures, which originally as per schedule to stamp Act was .75 per Rs. 100 or part thereof which was reduced to .25 per Rs. 100 or part thereof in 2004. And this is same all over India since it is the discretion of Central govt.

 

 

Regarding stamp duty on share certificates it is a state item so it varies from state to state, you need to refer relevant state stamp Acts.

 

It is my view other members please express their opinion.

 

Regards,

Raja Karthik S.
 

[Jeevan]

Dea Friends,

Thank you for the clarifications.Now its more clear.
Regards,
Jeevan Varghese

On Jul 16, 9:28 am, raja karthik <rkarthik...@gmail.com> wrote:
> Dear Jeevan,
>
> As far as the levy of stamp duty is concerned it appears in all the three
> lists Central, State and Concurrent list.
>
> As per list I Central governement  is authorised to levy stamp duty on
> transfer of shares and debentures, which originally as per schedule to stamp
> Act was .75 per Rs. 100 or part thereof which was reduced to .25 per Rs. 100
> or part thereof in 2004. And this is same all over India since it is the
> discretion of Central govt.
>
> Regarding stamp duty on share certificates it is a state item so it varies
> from state to state, you need to refer relevant state stamp Acts.
>
> It is my view other members please express their opinion.
>
> Regards,
> Raja Karthik S.
>

> On 7/15/09, chakri hegde <chakri.he...@gmail.com> wrote:
>
>
>
>
>
> > Dear Jeevan,
>
> > As per my knowledge,
> > the stamp duty on Share Certificate and Share Transfer Deed is uniform for
> > all over India.
>
> > As rightly said by Ratnamala Hegde,
> > ---- for Share Certificate, its Re. 1/- for every Thousand Rupees or any
> > part thereof and
> > ---- for Share Transfer Deed, its 0.25 paise for every Hundred Rupees or
> > any part thereof.
>
> > and you can get them stamped in the Regional Stock Exchange, Hyderabad also
> > instead of Franking.
>

> > *-**--------------------

> > With Best Wishes
> > Chakri G Hegde
> > Indo Nissin Foods Ltd

> > Bangalore*

>
> > On Wed, Jul 15, 2009 at 7:17 PM, Jeevan <jeevanmaste...@gmail.com> wrote:
>
> >> Dear Ratnamala,
>
> >> I came to know that different rates of stamp duty varies from state to
> >> state,and its not uniform.
> >> Please clarify.
>
> >> Regards
> >> Jeevan varghese
> >> Practicing Company Secretary,

> >> Bangalore-09739434246.- Hide quoted text -
>
> - Show quoted text -

[CS Sonia Sehgal]

Dear Members,

 

I agree with Mr. Jeevan, rates of Stamp duty on the Share Certificate & Transfer Deeds are not uniform in all over India. It varies on state to state basis.

 

Regards

CS Sonia Sehgal

On Wed, Jul 15, 2009 at 1:31 PM, Jeevan <jeevanm...@gmail.com> wrote:

[Sridevi B.N]

Stamp duty on share certificate is Rs.1 for every certificate - as per A.P. Stamp Act. i.e. at Hyderabad (irrespective of value of shares.

 

Regards

Sridevi.B.N

[raja karthik]

Dear Ms. sonia,

 

Stamp duty on transfer of shares is uniform through out india since it appears in UNION LIST...

 

 

Regards,

Karthik

 

[raja karthik]

Dear Ms. sonia,

 

Stamp duty on transfer of shares is uniform through out india since it appears in UNION LIST...But duty on share certificate varies since it is a state item..

 

 

Regards,

Karthik

[Vivek Hegde]

Dear Anusha

 

This will answer ur query....

 

rgds

---------- Forwarded message ----------
From: raja karthik <rkart...@gmail.com>
Date: Jul 17, 2009 2:49 PM
Subject: [CSMysore] Re: Stamp duty in Hyderabad
To: csmy...@googlegroups.com

 

Dear Ms. sonia,

 

 

Regards,

Karthik

 

 

Regards,

Karthik

 

No. 405, 4th Block, 7th Cross
Koramangala, Bangalore-560034
Mob: 9019756940