Transfer of share without consideration as a gift

[CS Tejaswita]

Hello All,

If in a private company, a member want to gift/transfer  his shares i.e. without consideration then how to calculate stamp duty?And what to mention in consideration column of SH4?Can we mention Nil or 0 ?

Kindly guide


Regards,
Tejaswita

[Utkarsh Gaur]

 Dear Tejaswita ,

At present, stamp duty applicable for transfer of shares is 25 paise for every one hundred rupees or part thereof of the value of share. Section 56 of the Companies Act requires that where share transfer form is delivered to the company should be adequately stamped.

   AND consideration column we will mention N/A,in case of Gift.

PFA OF SH4 

THANKS

UTKARSH GAUR

[Sachin Kumar]

Gift deed is also required duly signed by Transferor(donor) and transferee (donee).

With Best Regards,

CS Sachin Kumar

Phone: 99034-34421

Pleasure in the job puts perfection in the work.

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[Deepa Aramani]

If the shares are transfer by way of gift, then stamp duty is not applicable.