This article is the second part of an article on the topic “Stamping of Share Certificates” posted previously on our website and other sites. The previous article discusses about Stamping of Share Certificates in detail and lists the documents required in the process. In case if you have missed out on that, do check it out here: https://www.jjfintax.com/blogs/roc-compliances/stamping-of-share-certificates
Once you have prepared and made available all the required documents, the next step is to visit the stamping office/registration branch and submit the physical copies of all the documents attested by any one director of the company on all the pages of the documents.
(Note that only a qualified CS or CA is eligible to submit the documents and pay stamp duty later on)
Once the documents are submitted, the registration branch takes its time to verify the documents. Then, proceeds to issue an “Order” of payment of stamp duty applicable.
After collecting the order, the authorized person shall proceed to pay the stamp duty as mentioned in the order on the “Egras portal”.
The next step is to submitted the following documents in the treasury department:
Order of Payment of payment of stamp duty
Receipt of Payment of Stamp Duty
Letter of Authority for payment of Stamp Duty
After the submission of these documents, the treasury department shall issue the “Certificate of Payment of Stamp Duty” which finally completes the stamping of share certificates. This certificate is a proof of payment of Stamp Duty and hence it is suggested to preserve it as a permanent record.
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JJ Tax
