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A Person wants to Transfer its shares in an unlisted public company, registered office of which is situated at Nagpur and both Transferor and Transferee blong toPanipat ,a city in Haryana and they will execute the Form SH-4 in Panipat only. Under which act Stamp Duty will be paid Maharashtra or Haryana??. If maharashtra how will they purchase Share Transfer Stamp as they both are based in haryana. and How will Market Price of shares be calculated, as stamp on share transfer is .25 % on Consideration Paid or Market Price of the Shares , whichever is higher?.

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Posted By: Mahak 9 year(s) ago

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s.m.a.millath

Transfer stamp will be paid on consideration of the transaction as the company is unlisted company. Stamp duty can be paid at the place where the document is executed.

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Expert Ankit Singhi

Stamp duty on transfer is a Central stamp duty

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