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Do the company has to pay stamp duty on securities issued directly in dematerialized form?

April 26, 2017COMPANY dematerialized directly duty form issued pay securities stamp

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Do the company has to pay stamp duty on securities issued directly in dematerialized form?

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Yes, the Issuer has to pay the relevant stamp duty as applicable irrespective whether it is issued in either physical or demat form. As per the Finance Act 2000, stamp duty is waived only for transfers within the depository.