State-wise Stamp Duty on Issue of Share Certificates
Statewise Stamp Duty on Issue of Share Certificates: Stamp duty is a state levy to register documents with Registrar. Hence, stamp duty varies in each state and the same is elaborated below:
Table of Contents
Stamp Duty:
Stamp duty is a duty levied on the legal recognition to pay amount of tax on certain documents/instruments.
Share Certificates:
Share certificate is a certificate given to the holder of equity shares of the company
Issue of Share certificates:
A company shall issue share certificates within 60 days of allotment and same shall be stamped within 30 days of issue of share certificates
The company has to ensure the required stamp duty is paid before the issue of share certificates to the shareholders. The share certificates stand invalid if the requisite stamp duty is not paid.
The stamp duty has to be paid as per the rates applicable in the respective state where the registered office of the company is situated.
State-wise rate of stamp duty on issue of share certificates:
| Name of State | Rate of Stamp Duty |
| Andhra Pradhesh | Re 0.30 for each folio irrespective of consideration |
| Arunchal Pradesh | Rs 5.00 for each folio irrespective of consideration |
| Assam | Rs 5.00 for each folio irrespective of consideration |
| Bihar | Rs 10.00 for each folio irrespective of consideration |
| Chattisgarh | Rs 10.00 for each folio irrespective of consideration |
| Goa | Rs 10.00 for each folio irrespective of consideration |
| Gujarat | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Haryana | Re 0.40 for each folio irrespective of consideration. Re 1 revenue stamp can be affixed |
| Himachal Pradhesh | Re 0.40 for each folio irrespective of consideration. Re 1 revenue stamp can be affixed |
| Jammu & Kashmir | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Jharkhand | Re 1 for every folio |
| Karnataka | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Kerala | Re 1.00 for each folio irrespective of consideration |
| Madhaya Pradhesh | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Maharashtra | 0.10% of the value of share, scrip or stock |
| Manipur | Rs 5.00 for each folio irrespective of consideration |
| Meghalaya | Rs 2.00 for each folio irrespective of consideration |
| Mizoram | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Nagaland | Re 0.45 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Odisha | Re 1.00 for each folio irrespective of consideration |
| Punjab | Rs 10.00 for each folio irrespective of consideration |
| Rajasthan | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Tamil Nadu | Re 1.00 for every Rs 1000.00 or part thereof, of the value of shares, scrip, or stock |
| Telanga | Rs 10.00 for each folio irrespective of consideration |
| Tripura | Rs 5.00 for each folio irrespective of consideration |
| Uttar Pradesh | Re 1.00 for each folio irrespective of consideration |
| Uttarakhand | Re 1.00 for each folio irrespective of consideration |
| West Bengal | Re 0.60 for each folio irrespective of consideration |
Consequences of non-payment of Stamp duty
If the company fails to pay stamp duty within thirty days, then penalty may be imposed by the concerned authority.
Documents required for stamping
Signed share certificate will be required in prescribed format
Note: For Maharashtra State, payment of Stamp duty, please visit GRAS (Government Receipt Accounting System)
Please connect with us for incorporation of Private Limited Company
Also read FAQ Indian Stamp Act, ROC Stamp Duty Rules,
