<h1>Companies must pay 0.1% stamp duty on share issuance under Article 19, Schedule I-A of Indian Stamp Act</h1> The revenue department of the National Capital Territory (NCT) of Delhi has issued a directive mandating that all companies with registered offices in the NCT must pay stamp duty at a rate of 0.1% on the issuance of shares, as per Article 19 of Schedule I-A of the Indian Stamp Act, 1899. This duty applies to certificates or documents evidencing rights or titles to shares, whether in physical or digital form. The directive clarifies that the stamp duty rates under Schedule I do not apply within the NCT, reaffirming the state's authority under the Constitution to impose such duties. Companies are required to apply for adjudication of stamp duty within the prescribed timeframe, with non-compliance potentially resulting in penalties. This circular is issued for strict adherence by all concerned entities.