Saturday, December 09, 2006

Bombay Stamp Act

Issue of Share Certificate
Rs. 1/- per Rs.1000. The amount of share certificate will include the amount of Premium paid.


Transfer of Shares
Stamp duty on transfer of shares is @ 0.25% of the market value of the shares on the date of the transfer. (w.e.f. March 2004)

Mortgage

Duty on Deposit of title deeds, mortgage of movables, pawn, pledge, and hypothecation deeds has been reduced from 0.5 % to 0.1%


Loans
Stamp Duty on unsecured loans, Loan agreements is 0.1%. Earlier the rate was 0.25%

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