Share certificate being an instrument requires stamping as per the Indian Stamp Act. Stamp duty on share certificate is a state matter and delay in payment of stamp duty attracts penalty. Stamp duty is to be paid first at the time of incorporation on share certificate issued to the subscribers and thereafter on every further allotment of shares.
- Stamping of Share Sertificate comes under the purview of state governments;
- Therefore rate of stamp duty on issue of share certificate may vary from state to state.
Contact us for detailed information on the rate of stamp duty on various states in India