New Delhi, Oct 8 (PTI) Companies with registered offices in the city are required to pay a stamp duty of 0.1 per cent of the share value to the Delhi government on the issuance of shares and other securities, officials said on Wednesday.

The stamp collector of the Delhi government has also written a letter to depositories NSDL and CDSL, directing them not to collect stamp duty applicable to Delhi for the issuance of shares, the officials stated.

A mechanism has already been put in place through Stock Holding Corporation of India Ltd (SHCIL) for payment of stamp duty on share certificates at its portal, and certificates are issued by the stamp collector office evidencing such payment.

The Delhi revenue department in a recent circular clarified that the stamp duty on issuance of shares by

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