In a significant clarification, the Revenue Department of the Government of NCT of Delhi has mandated that stamp duty on the issuance of shares shall be levied strictly in accordance with Article 19 of Schedule 1A of the Indian Stamp Act, 1899. Accordingly, a uniform stamp duty at the rate of 0.1% of the total value of shares issued shall be applicable irrespective of whether the shares are issued in physical or dematerialised (DEMAT) form.
All companies registered in Delhi are required to obtain prior adjudication from the appropriate Stamp Authority in line with the above stipulation before proceeding with the allotment of shares.
This directive standardises compliance and ensures consistent application of stamp duty laws across all modes of share issuance.
