Appendix 103
SCHEDULE OF STAMPS TO BE AFFIXED ON ARTICLES OF ASSOCIATION
AND ON MEMORANDUM OF ASSOCIATION
Note.‑ On alteration of Articles of
Association consequent to increase in share capital under s. 97 of the
Companies Act, 1956 Stamp Duty is payable as if raised Capital were original
Capital less duty already paid.
(Articles 10 and 39 of the
Indian Stamp Act, 1899)
|
S. No. |
Description |
Articles of |
Memorandum of Association |
|
|
|
|
Association |
If accompanied by Articles
of Association |
If not |
|
(1) |
(2) |
(3) (Rs.) |
(4) (Rs.) |
(5) (Rs.) |
|
|
Central Act
(Art. 10 and Art. 39) |
|
|
|
|
1. |
Vide Articles 10 and 39 stamp duty payable on
Articles of Association and Memorandum of Association respectively (Articles
and Memorandum of any Association not formed for profit and registered under
section 25 of the Companies Act, 1956 are exempted from payment of Stamp
Duty. |
25.00 |
15.00 |
40.00 |
|
|
State
Amendments |
|
|
|
|
1. |
Andhra
Pradesh (Art. 11 and Art. 34) |
300.00 |
200.00 |
500.00 |
|
2. |
Assam (a)
where the company has no share capital or the nominal share capital
does not exceed Rs. 2,500 (b)
where the nominal share capital exceeds Rs. 2,500 but does not exceed
Rs. 5,000 (c)
where the nominal share capital exceeds Rs. 5,000 but does not exceed
Rs. 1,00,000 (d)
where the nominal share capital exceed Rs. 1,00,000 |
61.90 82.50 123.75 247.50 |
99.00 99.00 99.00 99.00 |
247.50 247.50 247.50 412.50 |
|
3. |
Bihar (Art.
10 and Art. 39) |
105.00 |
63.00 |
168.00 |
|
4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. |
Gujarat where the company has no capital or nominal share
capital Haryana (a) where the authorised capital of the company
does not exceed Rs. 1,00,000 (b) Where authorised capital exceeds Rs. 1,00,000 Himachal
Pradesh (a)Where the authorised capital of the company
does not exceed Rs. 1,00,000 (b)in other cases Jammi, 4nd
Kashmir (a)where the authorised capital of the company
does not exceed Rs. 1,00,000 (b) in other cases Karnataka Kerala Madhya Pradesh (a)where the company has no share capital (b)where the company has nominal share capital Maharashtra For every Rs. 5,00,000 or part thereof subject to
a maximum of Rs. 50,00,000. Manipur (a)where the company has no share capital or the
nominal capital does not exceed Rs. 2,500 (b) where the nominal share capital exceeds Rs.
2,500 but does not exceed Rs. 5,000 (c) where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d) where the nominal share capital exceeds Rs.
1,00,000 Meghalaya (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 2,500 (b)where the nominal share capital exceeds Rs.
2,500 but does not exceed Rs. 5,000 (c)where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d)where the nominal share capital exceeds Rs.
1,00,000 Nagaland (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 2,500 (b)where the nominal share capital exceeds
Rs.2,500 but does not Rs.5,000 (c)where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d)where the nominal share capital exceeds Rs.
1,00,000 Orissa Punjab (a)
where the authorised capital of the company does not exceed Rs.
1,00,000 (b) n other cases Rajasthan (a)
If relating to increase in authorised share capital (b) in any other case Tamil Nadu Tripura (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 2,500 (b)where the nominal share capital exceeds Rs. 2,500
but does not exceed Rs. 5,000 (c)where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d)where the nominal share capital exceeds Rs.
1,00.000 Uttar
Pradesh West Bengal (a)where the nominal share capital does not exceed
Rs. 1,00,000 (b)where the nominal share capital exceeds Rs.
1,00,000 Arunachal
Pradesh (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 2,500 (b)where the nominal share capital exceeds Rs.
2,500 but does not exceed Rs. 5,000 (c)where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d)where the nominal share capital exceeds Rs.
1,00,000 Mizoram (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 2,500 (b)where the nominal share capital exceeds Rs.
2,500 but does not exceed Rs. 5,000 (c)where the nominal share capital exceeds Rs.
5,000 but does not exceed Rs. 1,00,000 (d)where the nominal share capital exceeds Rs.
1,00,000 Union
Territories Andaman
& Nicobar (a)
Where the nominal share capital does not exceed one lakh of rupees (b)
Where the nominal share
capital exceed one lakh of rupees Chandigarh (a)
where the authorised. capital does not exceed Rs. 1,00,000 (b)
in other cases Delhi (a)
where the authorised capital of the company does not exceed Rs.
1,00,000 (b)
in other cases Goa, Daman
& Diu (a)where the company has no share capital or the
nominal share capital does not exceed Rs. 1,00,000 (b)where the nominal share capital exceeds Rs.
1,00,000 but does not exceed Rs. 5,00,000 (c)where the nominal share capital exceeds Rs.
5,00,000 but does not exceed Rs. 1,00,00,000: (i)on the first Rs. 5,00,000 (ii)on the next Rs. 5,00,000 or part thereof (iii)on the next Rs. 15,00,000 or part thereof (iv)on the next Rs. 25,00,000 or part thereof (v)on the next Rs. 50,00,000 or part thereof (d) where the nominal share capital exceeds Rs.
1,00,00,000 Pondicherry |
Subject to minimum of one thousand rupees and
maximum of five lakh rupees, fifteen paise for every hundred rupees or part
thereof The rate of stamp duty on
instrument of Article of Association of a Company with effect from 1‑8‑1998
is as shown in the table below Amount of share Amount of Capital stamp Duty w.e.f.1-8- 98 Rupees Rupees Where the com Pany has no sh- Capital or nominal Share capital does Not exceed Rs. 1,00,000 1,000 Rs. 5,00,000 1,000 Rs. 6,00,000 1,000 Rs. 10,00,000 1,500 Rs. 15,00,000 2,250 Rs. 16,00,000 2,400 Rs. 20,00,000 3,000 Rs. 30,00,000 4,500 Rs. 31,00,000 4,650 Rs. 40,00,000 6,000 Rs. 50,00,000 7,500 Rs. 51,00,000 7,650 Rs. 75,00,000 11,250 Rs.
1,00,00,000 15,000 Where nominal share capital exceeds Rs.
1,00,00,000 say Rs. 2,00,00,000 30,000 Rs. 3,00,00,000 45,000 Rs. 10,00,00,000 1,50,000 Rs. 20,00,00,000 3,00,000 Rs. 30,00,00,000 4,50,000 Rs.35,00,00,000 5,00,000(max) 60.00 120.00 60.00 120.00 78.00 90.00 500.00* (For every Rs. ten lakh or part thereof) 1,000.00 1,000.00 0. 15 per cent of such nominal share capital,
subject to a minimum of one thousand ru pees and a maximum of five lakh
rupees 1,000.00 61.90 82.50 123.75 247.50 87.00 99.00 149.00 298.00 61.90 82.50 123.75 247.50 200.00 60.00 120.00 Half(0.5) per cent of the authorised share capital
one hundred rupees 300.00 61.90 82.50 123.75 247.50 500.00 150.00 300.00 61.90 82.50 123.75 247.50 61.90 82.50 123.75 247.50 50.00 100.00 60.00 120.00 *0.15
per cent of authorised share capital
with a monetary ceiling of Rs. 25 laksh. -do‑ 100.00 500.00 500.00 700.00 1,000.00 1,500.00 2,000.00 7,500.00 300.00 |
60.00 60.00 60.00 60.00 60.00 60.00 200.00 500.00 500.00 200.00 99.00 99.00 99.00 99.00 119.00 119.00 119.00 119.00 99.00 99.00 99.00 99.00 200.00 500.00 500.00 500.00 200.00 99.00 99.00 99.00 99.00 500.00 60.00 60.00 99.00 99.00 99.00 99.00 99.00 99.00 99.00 99.00 30.00 500.00 500.00 200.00 200.00 150.00 150.00 200.00 |
150.00 150.00 150.00 150.00 120.00 120.00 The same duty as under Article(No.10)according to
the share capital of the company 1,000.00 The same duty as
livable on. Articles of Association under Article10, according to the share
capital of the company The same duty as
leviable on.Articles of Association under Article10, according to the share
capital of the company 247.50 247.50 247.50 412.50 298.00 298.00 298.00 495.00 247.50 247.50 247.50 412.50 500.00 1,000.00 1,000.00 The same duty as
on Articles ofAssociation(No.10)pertaining to the share capital of the company or Rs.500
whichever is higher. 500.00 247.50 247.50 247.50 412.50 1,000.00 200.00 300.00 247.50 247.50 247.50 412.50 247.50 247.50 247.50 412.50 80.00 130.00 1,000.00 1,000.00 500.00 500.00 The same duty as is livable on Articles of Association under Article 10 according To
the share capital of the company 500.00 |