Kaagazaat

Share Subscription Agreement

At a glance

Price: Free, always.
Stamp duty: Stamp duty depends on what the paper does and on the Schedule to the Indian Stamp Act, 1899 as applied in Punjab and in Chandigarh.
Registration: Not compulsorily registrable unless it creates or transfers a right in immovable property (section 17, Registration Act, 1908); this paper is not meant to.
Witnesses: Not required by law, but two adult witnesses who are not parties, each writing name, address and ID reference beside the signature, make a later denial harder.

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Free, always.

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Also called

SSA
investment agreement
equity subscription
allotment agreement
subscription for shares
fresh issue of shares
startup investment agreement
shares ke liye abhidan karar

When you need it

A private company in Punjab or Chandigarh issues new shares to an investor (or to a new partner in the business) who pays the company for them. This agreement fixes how many shares, at what price, what must happen before the money is paid (the conditions), when the shares are allotted, what the company promises about itself, the investor's rights, and what happens if closing does not take place.

Because the money goes into the company and the investor becomes a shareholder, the company must have its approvals in order: its Articles must allow the issue, and the law requires a members' resolution, a valuation in some cases, and filings with the Registrar of Companies. Those are listed as conditions here and must be checked by a company secretary or lawyer. This is not a sale of existing shares (use the Share Transfer Deed). The long-term running of the company between founders and investor is for a Shareholders' Agreement, which is usually signed with this one. Not for a loan (use a loan agreement). Not for a first non-binding understanding (use the Term Sheet for Investment).

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Stamp duty depends on what the paper does and on the Schedule to the Indian Stamp Act, 1899 as applied in Punjab and in Chandigarh. An agreement of this kind is usually charged as an agreement not otherwise provided for, at a modest fixed figure, but the figure is not stated here: confirm it on the official e-stamping portal or with the Sub-Registrar before buying the stamp. If a clause makes the paper in substance something else (a transfer of property, a lease, a power of attorney, a guarantee), it is charged as that. An under-stamped paper cannot be used as evidence until the deficit and penalty are paid.

Registration

Not compulsorily registrable unless it creates or transfers a right in immovable property (section 17, Registration Act, 1908); this paper is not meant to. Registration is optional if the parties want it.

Notarisation

Not required by law, and not a substitute for stamping. A notary only records that the signatories appeared and signed, which makes it harder to deny a signature later. Carry original photo ID.

Witnesses

Not required by law, but two adult witnesses who are not parties, each writing name, address and ID reference beside the signature, make a later denial harder.

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Sample preview — placeholder answers, not your data

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SHARE SUBSCRIPTION AGREEMENT

This Agreement is made at Chandigarh on 2 April 2026.

BETWEEN

Sandhu Foodtech Private Limited (CIN U15100CH2023PTC045678) of Plot 5, Rajiv Gandhi Chandigarh Technology Park, Chandigarh 160101, acting through Harleen Sandhu, Director (the "Company");

AND

Anand Mehra of House No. 22, Sector 10, Panchkula 134109, PAN AKJPI4432R (the "Investor").

1. SUBSCRIPTION

1.1 The Investor subscribes for 5,000 equity shares of Rs 10 each of the Company (the "Shares") at ₹1,000 (Rupees One Thousand only) per Share, a total of ₹50,00,000 (Rupees Fifty Lakh only), and the Company agrees to issue and allot them to the Investor on the terms of this Agreement.

1.2 The Investor shall pay the total amount by bank transfer into the Company's account: Punjab National Bank, Sector 17, Chandigarh, A/c 0123456789012, IFSC PUNB0012300, within seven days of being told in writing that the conditions in clause 2 are met. The money shall be used only for the Company's business and shall not be treated as a loan.

1.3 Within 15 days of receiving the money, and in any case within the time the law allows, the Company shall allot the Shares to the Investor, issue the share certificates (or credit the demat account), enter the Investor in the register of members, and file the returns the law requires. If the Shares are not allotted within the time the law allows, the Company shall refund the money at once.

2. CONDITIONS

2.1 The Investor need not pay until these conditions are met or waived by the Investor in writing: The members' special resolution approving the issue; the Board's resolution; the valuation report the law requires; due diligence to the investor's satisfaction; the Articles changed as agreed; the offer letter in the form the law requires.

2.2 The Company shall take all steps in its control to meet the conditions as soon as it can and shall tell the Investor at once of anything that may stop them being met. If the conditions are not met by 1 April 2026, either Party may cancel this Agreement by written notice, and any money already paid shall be returned in full within seven days with no deduction.

3. THE COMPANY'S PROMISES

3.1 The Company states, as at the date of this Agreement and on allotment, that: it is validly formed and has power to issue the Shares; the issue has been approved as its Articles and the law require; the Shares, when allotted, will be fully paid and free from any charge or claim; its accounts and the information it gave the Investor are true and not misleading in any important way; it has no undisclosed debts, claims, disputes or tax defaults of significance; it holds the licences its business needs; and it owns or may lawfully use the brands, software and other rights it relies on.

3.2 If any statement in clause 3.1 is untrue, the Company shall make good the Investor's loss caused by it, up to the amount the Investor has invested, except for fraud, for which there is no limit. The Investor must give written notice of a claim within two years of the allotment.

Questions about this document

Does the Share Subscription Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

Stamp duty depends on what the paper does and on the Schedule to the Indian Stamp Act, 1899 as applied in Punjab and in Chandigarh.

See the full position on stamp duty, registration and witnesses

Does the Share Subscription Agreement need registration in Punjab and Chandigarh?

Not compulsorily registrable unless it creates or transfers a right in immovable property (section 17, Registration Act, 1908); this paper is not meant to.

See the full position on stamp duty, registration and witnesses

What does the Share Subscription Agreement cost on Kaagazaat?

Free, always.

Does the Share Subscription Agreement need witnesses?

Not required by law, but two adult witnesses who are not parties, each writing name, address and ID reference beside the signature, make a later denial harder.

See the full position on stamp duty, registration and witnesses

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