stamp duty on allotment of shares

[sachin kumar]

Dear Friends

 

if a Company allot shares under ESOP Scheme in demat form, then how we will paid the stamp duty,that's means what about the stamp duty.

Thanks & Regards

 Sachin Pyare

[Bhavani Prasad]

Mr Sachin

No stamp duty need to be paid when the shares are issued in de-mat form.

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
 
Find eNewsletters of ICSI Mysore at: www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx
 
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/groups/opt_out.
 
 

--
Regards

CS Bhavani Prasad C N
Company Secretary

[ashish lalpuria]

Stamp duty will be payable on issue of new shares, whether issued in physical or demat form.  Consolidated stamp duty is payable especially in case of issue of shares in demat form.

 

-- 
Thanks & Regards
ASHISH O. LALPURIA
Practising Company Secretary
(m):  09820473932
(off): 022 26121371/22933381
(fax): 022 26111371
Add: 14, Adarsh,

83, Nehru Road,

Near HDFC Bank, 

Vile Parle (East),

Mumbai-400 057.

 
***Please note that our office is open Monday to Saturday 10:00 am - 6:00 pm 
IST. We request you to kindly allow 1-2 business days for a response to all 
email enquiries***

This message is intended solely for the use of the person to whom it is 
addressed. It may contain confidential or legally privileged information. If 
you are not the intended recipient you are hereby notified that any 
disclosure, copying, distribution or taking any action based on the contents 
of this information is strictly prohibited and may be unlawful. If you have 
received this communication in error, please notify us immediately by 
responding to this email and then delete it from your system. 

---

From: Bhavani Prasad <cnb...@gmail.com>
To: csmy...@googlegroups.com
Sent: Thursday, 7 March 2013 11:50 AM
Subject: Re: [CSMysore] stamp duty on allotment of shares

[sachin kumar]

its means we have to pay the stamp duty, whether we are issuing the shares in demat form, plz guide.

[ashish lalpuria]

Yes.

 

-- 
Thanks & Regards
ASHISH O. LALPURIA
Practising Company Secretary
(m):  09820473932
(off): 022 26121371/22933381
(fax): 022 26111371
Add: 14, Adarsh,

83, Nehru Road,

Near HDFC Bank, 

Vile Parle (East),

Mumbai-400 057.

 
***Please note that our office is open Monday to Saturday 10:00 am - 6:00 pm 
IST. We request you to kindly allow 1-2 business days for a response to all 
email enquiries***

This message is intended solely for the use of the person to whom it is 
addressed. It may contain confidential or legally privileged information. If 
you are not the intended recipient you are hereby notified that any 
disclosure, copying, distribution or taking any action based on the contents 
of this information is strictly prohibited and may be unlawful. If you have 
received this communication in error, please notify us immediately by 
responding to this email and then delete it from your system. 

---

From: sachin kumar <cssach...@gmail.com>
To: csmy...@googlegroups.com
Sent: Thursday, 7 March 2013 12:31 PM

[sachin kumar]

Thanks Ashish.

[sachin kumar]

dear sir

 

plz let me know which time we have to pay stamp duty......Fresh allotment, conversion of shares....i want to know how much transcation attract the stamp duty in case of shares......plz wil b grateful to you.

[ashish lalpuria]

Stamp duty is payable on all occasions where new shares are issued.  In Maharashtra the rate of Stamp Duty is 0.10% including the premium on allotment of shares, if any.

Sent: Thursday, 7 March 2013 1:16 PM