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Is there any penalty for Secretary if transferred share was not stamped?

Posts: 1
Topic starter
Joined: 1 year ago

If the share transfer not stamped and in ssm portal the share was transfered ready. Any penalise for the secretary.

1 Reply
Posts: 120
Joined: 2 years ago

Hi Ramu,

The company is liable for the actions, hence it is crucial to always proceed with the stamp duty submission riht after the submission of share transfer in SSM portal. If it is the fault of the corporate secretary, the company may hold the corporate secretary liable.

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