Stamp duty rates may vary depending on the state. In Maharashtra, the stamp duty for gift deeds of shares is 0.25% of the market value of the shares being gifted. However, it is advisable to confirm the current rates and any applicable exemptions or concessions with the local registrar or a legal professional.
The transfer of shares by gift may take some time to get recorded in the ROC, as it involves a process of verification and approval. The company will need to update its share register and notify the ROC of the transfer. This process may take a few weeks or even a few months, depending on the efficiency of the company and the ROC.
Technically, you can sell the gifted shares immediately after receiving them, but it is recommended that you wait until the transfer is recorded in the ROC. This is because the buyer of the shares may require proof of ownership, and the transfer may not be legally valid until it is recorded in the ROC. Additionally, if you sell the shares before the transfer is recorded, it may create complications in the future if the transfer is not completed for any reason.