Share Subscription Agreement

Chandan Kini (Querist) 21 November 2008 This query is : Resolved
Dear All,

What is the Stamp duty payable in Mumbai for a Share Subscription Agreement between a Company and its Investors?? Request you to also give the provision under which such stamp duty is calculated for Subscripion Agreement..

Also please confirm if separate Stamp Duty has to be paid for Shareholder's Agreement is such shareholders' Agreement is a part of the subscription Agreement.

Thanks in Advance,

Regards,

Chandan

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Guest (Expert) 26 November 2008
In which State, because Stamp Duty is imposed by State and therefore it can differ from one state to another.

In Karnataka for any kind of agreement it is Rs.50/-. In my guess, KINI must be from Karnataka.

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