Legal Question in Wills and Trusts in India

I am from India, my father passed away without nominating us (his wife and two sons) for his SHARES - we have applied in the court for the transfer of shares to our mother's name .

PLEASE ADVICE US WHETHER THE STAMP DUTY IS PAYABLE ON THE "FACE-VALUE" of the Shares (or) on the MARKET VALUE. Please advice


Asked on 8/18/13, 2:35 am

3 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

18.08.2013

Dear Sir / Madam,

Stamp Duty for transfer of title of the shares is payable on the prevailing market value of the shares.

Regards,

Read more
Answered on 8/18/13, 3:39 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

Value of shares.

Read more
Answered on 8/19/13, 4:53 am
uttam Tibrewal

dear client.............

Contact me at [email protected] so that better advice can be made after interaction...

Read more
Answered on 8/28/13, 11:53 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in India