The term debenture has been defined under Section 2(30) of the Companies Act, 2013 to include debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not.
The term Debenture has not been defined under the Act. The term “Debenture” has only been specified in List I of the Act which reads as under:
Art. 27 of stamp Act. DEBENTURE (where a mortgage debenture or not), being marketable security transferable-
a. By endorsement or by a separate instrument of transfer
b. By delivery
Explanation – The term “Debenture” includes any interest coupons attached thereto but the amount of such coupons shall not be included in estimating the duty.
Exemption
A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage deed, duly stamped in respect of the full amount of debentures to be issued thereunder, whereby the company or body borrowing makes over, in whole or in the party, their property to trustees for the benefit of the debentures holder:
Provided that the debentures so issued are express to be issued are expressed to be issued in terms of the said mortgage deed.
0.05% per year of the face value of the debenture, subject to the maximum of 0.25% or rupees twenty-five lakhs whichever.
In terms of the provision, for Debenture to attract levy of stamp duty it needs to be a “Marketable Security” transferable by endorsement or by a separate instrument of transfer or by delivery.
A company issuing debentures is required to pay stamp duty only if debentures are treated as “marketable security”. Hence, it is important to analyse the expression “marketable security”.
Please, anyone, clear the same if need to pay and how to pay?
debentures
payment
duty
stamp
Dear all,
Is there any change in the stamp duty in case of share transfer in Private limited Companies as per the latest amendment?
Is it 0.25% or 0.003% ?
Dear Members,
Please guide me how to pay the differential Stamp Duty on already executed LLP Agreement?
Form 3 is rejected on the grounds of stamp duty paid less than actual.
agreement
duty
stamp
differential
Dear Team,
We have a company registered in Bangalore and issued share certificates on allotment and now as mandatory we need to pay the stamp duty.
Request your help in this regard.
Hi,
For payment of Stamp.duty of Rs.15000 for LLP agreement can I put all through stamp Paper or I have to get esbtr compulsorily.
For ROC Mumbai.
Please guide.
Dear Experts,
what is the Stamp value for GST registration in case of partnership firm.
Dear All
What is the current stamp duty on Affidavit and Indemnity Bond for Haryana
dutygurgaon
stamp
Respected Members,
If anyone can share draft documents required for undertaking stamp duty payment on share certificates in Gurgaon, it will be really helpful.
Thank you in anticipation.
Hi,
Can someone please confirm if I can make online payment of stamp duty in Bangalore on share certificates???
If yes, what is the process?
Dear All,
Can anyone provide the latest Indian Stamp Act for the stamp duty rates in Delhi.
Dear colleagues,
Please can anyone confirm the stamp duty on affidavits and indemnity Boand for stk in Gujarat?
Hello members,
While uploading Incorporation documents, 2 challans are generated
One for Incorporation and other for Stamp duty payment.
I paid Incorporation challan and then all of a sudden MCA portal showed some Transaction error and I cud not pay Stamp duty challan.
I checked MCA transcation status it shows - Waiting for Stamp duty Payment.
But how to find the SRN of Stamp duty....
Pls help me to resolve this issue asap
