Various Timelines to be kept in mind:

-As per the Companies Act, 2013 every Company shall allot equity shares to the subscribers within 60 days of receipt of Share Application Money.

-The Company shall thereafter issue share certificates to the aforesaid allottees within 2 months from the date of allotment.

-As per the Indian Stamp Act, Companies shall pay proper stamp duty on share certificates issued by them within 30 days of issuance of Share Certificates.

Procedure for payment of Stamp Duty in Haryana:

1. Preparation of relevant documents:

As a first step, the Company should prepare the following documents for submission to the authority:

  • Application along with INR 10 Court Fee Stamp;
  • Copy of Share Certificates;
  • Certified copy of Board Resolution;
  • Certified Copy of PAN Card of the Company;
  • Copy of Memorandum and Articles of Association of the Company;
  • Copy of Form PAS-3, as filed with Registrar of Companies;
  • List of Directors of the Company;
  • List of Share Certificate Holders of the Company;
  • Authority Letter in favour of Company Secretary/ Chartered Accountant for submission of documents to the authority.

Note: It should further be noted that Every page of above documents should be signed by a Director of the Company and should also be stamped with the Company Stamp.

2. Submission of documents to the “Revenue Department”, Haryana:

All the above documents shall thereafter be submitted to the Revenue Department situated at 12th Floor, “Mini Secretariat”, Rajeev Chowk, Gurgaon.

3. Receipt of Order from the Department:

Upon submission of documents, the department shall scrutinize the documents and accordingly access the amount of duty and pass an order for payment thereon.The time period for getting the order ranges from 10 to 15 days.

4. Payment of Stamp Duty:

Payment of duty on the website of Finance Department of Government of Haryana “https://egrashry.nic.in/”

After receiving the order, the Company shall thereafter make the payment of the duty on the website of the department “https://egrashry.nic.in/ to the “Revenue Department-FCR” under the head 0030- “Stamps and Registration Fees”.

After making the payment, take a print out of the payment challan and submit the same to the “Treasury Office” situated at “Ground Floor, Mini Secretariat”

5. Receipt of “Share Allotment Stamp Duty Certificate:

Upon submission of payment challan to the Treasury Office, the Treasury officer shall issue “Share Allotment Stamp Duty Certificate” which is a conclusive proof of payment of stamp duty on share certificates.

Kind Attention: The information provided herein is for educational purposes only and the author assumes no responsibility or liability for any errors or omissions in the content. 

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6 Comments

  1. Rahul Kumar says:

    Hi, please help me,

    I have incorporated a private company.
    as you know issuance of share certificate within 60 days from incorporation and pay stamp duty on it.

    so my question is, is it mandatory for private company to pay stamp duty and if yes how to do it.

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