bombay stamp act
sagar madan
(Querist) 19 July 2008
This query is : Resolved
what is the stamp duty payable under bombay stamp act for agreement of joint venture with foreign comanies for technical assitance and for FDI contirbution in mumbai in India? Do also inform the relevant article of schedule I of bombay stamp act act under which such agreements are covered?
sagar madan
(Querist) 19 July 2008
the above query was is important.
Adv.Shine Thomas
(Expert) 28 March 2009
According to sec.10 and 39 of Indian Stamp Act 1899,stamp duty payable for MOA is Rs.200.00 and for AOA is Rs.1000/- for every Rs.500,000/-capital or part thereof subject to a maximum of Rs.50,00,000/-