Firms can pay stamp duties online


“We have started it (e-stamp) as a pilot project in 22 states and union territories. In another 10-15 days we should be able to make e-stamping fully operational,” Corporate Affairs Secretary R Bandyopadhyay told reporters here on Tuesday.

States and UTs like Maharashtra, Uttar Pradesh, Delhi, Jharkhand, Orissa Tamil Nadu and West Bengal have consented to let the Centre collect stamp money electronically from companies.

Under e-stamping, which is part of Corporate Affairs Ministry’s MCA-21 project, firms can pay stamp duty for purposes like hike in share capital, article of association for incorporating a company and memorandum of association.

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