![]() The central record keeping agency is responsible for user registration, imprest balance administration and overall e-Stamping application operations and maintenance. SHCIL is the only central record keeping agency (CRA) appointed by the government of India. Among the early entrants in depository services, SHCIL has a client base of over 6,50,000 accounts in the segment. SHCIL’s clients include UTI, LIC, GIC, Oriental Insurance, New India Assurance, National Insurance, United Insurance, IDBI MF, LIC MF, GIC MF, SBI MF, Shriram MF and Sundaram MF. It also acts as a central record-keeping agency for e-stamping. SHCIL has ‘pioneered the Demat services in India’ and e-Stamping services that have made payments to the government hassle-free. Stock Holding Corporation of India Ltd (SHCIL), India’s leading depository participant, was incorporated as a public limited company in 1986.Ī subsidiary of IFCI Limited, which held a 52.86% stake in the company as on March 31, 2019, SHCIL is jointly promoted and owned by all the Indian banks and financial institutions, including IFCI Ltd, LIC, SU-UTI, GIC, NIA, NIC, UIC and TOICL. For e-etamping, a specific denomination is not needed.Using the inquiry module, you can verify the genuineness of the e-stamp certificate.The e-stamp certificate cannot be tampered with and a has unique identification number (UIN).With e-stamping, the e-stamp certificate can be generated in a few minutes.It also has authorised collection centres or ACCs (scheduled banks) which then issues certificates to those asking for it. Be it user registration or administration, from applications for e-stamping to maintaining these records, the SHCIL is authorised to do all of these. ![]() The Stock Holding Corporation of India Limited (SHCIL) is the Central Record Keeping Agency (CRA) for all e-stamps used in the country. Starting July 2013, the Indian government, in a bid to reduce instances of counterfeits and errors, introduced the e-stamping facility. When the entire process of purchasing the stamp paper is conducted online and there is no physical stamp paper involved, the stamp is known as e stamp. However, not all states may have all the three facilities listed below:įor those of you who are technologically savvy, e-stamping, also called electronic stamping is the simplest process.Īlso read our article on franking charges. The process may appear simple but you must know that there are three ways to pay the stamp duty. Under which jurisdiction does the transaction fall?.Some frequently-asked questions pertaining to stamp duty are: It also acts as a future reference for you. Once you make the payment, it is proof that the government has been paid the required fee. So, how do you pay it? Such payments to the government are done through the purchase of a stamp paper of different values, as decided by the authorities. E-stamping helps authorities to save on costs in J&Kīuying, selling or leasing your property or creating deeds, require you to pay a stamp duty on property to states, since land is a state subject in India.E–stamping to replace franking in Bangalore.How to verify the authenticity of e-stamp paper?.What are the modes of payment for e-stamp?. ![]() When can I get the e-stamp certificate?.How can I download the application form for e-stamp certificate?.Top frequently asked questions (FAQs) on e-stamping.Important things to know about e-stamping.How to generate a duplicate copy if an e-stamp is lost?.What is the difference between e-stamping and franking?. ![]()
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