PROCEDURE FOR SUBMISSION OF STAMP DUTY:

A. First Company will Allot Shares.

B. Company will issue Share Certificates within 60 days of Allotment of Shares.

C. PREPARE DOCUMENTS:

After issue of shares, Stamp duty shall be paid to the exchequer of government within 30 (Thirty) days from issue of Share Certificates. Following documents shall be prepared:

  • Covering Letter (duly affixed Rs 10/- Court Fee Stamp). Attached as Annexure-A
  • List of Existing directors.
  • List of shareholders.
  • Share Certificate
  • List of Allottee
  • Certified Copy of PAS-3/ Spice with Challan.
  • Certified Copy of Memorandum & Article of Association.
  • Certificate of previous stamp duty paid, if any.

D. SUBMISSION OF DOCUMENTS:

At the time of issue of shares, Stamp duty shall be paid to the exchequer of government within specified period. Above discussed documents shall be prepared & submitted to Revenue department Delhi online within 30 days of Issue of Share Certificates.

First Step: company will create log in of the Company on http://www.shcilestamp.com/estamp_share_issuance.html

Companies after taking login will populate the relevant details of the New Shares issued against which stamp duty payment to be made.

Submit all the documents online on the portal.

Note: 

Certified that all the aforesaid mentioned documents attached are copy of original and true copy of records of Company and should be digitally signed by Company Director/Company secretary/Chartered accountant.

E. CHALLAN GENERATED:

If payment is less than 500 then payment mode may selected as Cash and in other cases it should be selected as NEFT.

The NEFT detail is as follows:

Beneficiary Name : SHCIL E STAMPING NCT OF DELHI

Account No : 028600201000379

Account Type : Current

Bank : CORPORATION BANK,M-Block GK-II, New Delhi – 110048

IFSC Code : CORP0000286

After making the payment following information is required from Client:

1. UTR No.

2. Reference no.

3. Bank name

4. Branch name

5. Date of payment

To inform the said detail to the Stockholding corporation. Once stock holding confirm the receipt of payment then to collect the Stamp paper from them.

F. DEPOSIT OF STAMP PAPER:

i. To deposit stamp paper online and in hard copy with the revenue department.

ii. After that revenue department issue the final stamp certificate that can be downloaded online.

Annexure –A

Date: 06.06.2017

The Controller of Stamps

Head Quarter

New Delhi

Sub: Stamping of share certificates bearing Distinctive No. 1-850000 issued to the allottees.

Dear Sirs,

With reference to aforesaid the undersigned do hereby authorize Mr. Yogesh Gupta, Company Secretary and all associate members of M/s Yogesh Gupta & Associates, a firm of Company Secretaries to file, on our behalf, all the relevant documents and do the follow-up to get the share certificates stamped from your kind office for the following allotment made:

S. No. Type of Shares Date of Allotment & Board Meeting No. of shares allotted Distinctive Number Premium per share (in Rs.) Total Amount in Rs. (including premium, if any)
1. Equity Shares

(Face Value of Rs. 10/- each)

31/03/2017 8,50,000 1-850000 NIL 85,00,000
Total 8,50,000     85,00,000

He/they also be authorized to appear in person or through his/their authorized representative before your kind office in connection with any query or clarification sought by your kind office.

Kindly do the needful and oblige.

Best Regards

For …………..Private Limited

Author of this article is CS YOGESH GUPTA & can be reached at csyogeshgupta@gmail.com and 7742681270.

Author Bio

Qualification: CS
Company: YOGESH GUPTA & ASSOCIATES
Location: Gurugram, Haryana, IN
Member Since: 17 Jul 2018 | Total Posts: 39
CS YOGESH GUPTA is founder of Yogesh Gupta & Associates, Company Secretaries & Co- founder of IURIS Consultants LLP & E & A Consultants LLP and Corporate & IPR Law Professionals. He is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India ( View Full Profile

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2 Comments

  1. a.b.shah says:

    WILL YOU PLEASE LE T ME KNOW ON WHICH HEAD WE HAVE TO MAKE PAYMENT ON LINE FOR SHARE TRANSFOR AND THAN PRIT OUT THE RECEIPT IF VALUE IS LESS THAN Rs 10.00we can pay by cash

  2. Padmanabh Ranchhoddas Merchant says:

    For transfer of Physical Share Certificates of a private / public limited Company, stamp duty @ 25 paise per Rs. 100/- (value of Shares) is payable online. Receipted Chalan is generated on payment of Stamp duty. In Bombay, Franking, in respect of Stamp duty paid, is to be done on Prescribed Form No. SH – 4 in Securities / Shares Transfer. This procedure is found to be cumbersome, as receipted Chalan and Form No. SH – 4 are to be submitted to the only one Office of Superintendent of Stamps near Town Hall in South Bombay before 1.00 p.m. One has to go to that office again on the next working date also, as the franking is not done at the time of submission itself. This causes lot of inconveniece and hardship. Concerned authorities should be approached for providing relief from this cumbersome procedure.

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