India, Aug. 14 -- Fintech giant Paytm has been slapped with a fine of INR 47.12 Lakh for failing to pay stamp duties pertaining to allotment of equity shares in previous years.

Paytm in an exchange filing said, "We hereby inform that the company has received order(s) dated August 13, 2024, from the Office of Collector of Stamps, New Delhi, imposing a penalty aggregating to INR 47,12,000 with respect to non-payment of stamp duty on allotment of equity shares in the previous years."

The fintech major further said in the filing that the fine is levied on the non-payment of stamp duty aggregating to INR 1.43 Cr upon allotment of 10,26,386 equity shares of INR 10 each in the previous years.

It claimed to have submitted applications for paym...