Corporate Law
Querist :
Anonymous
(Querist) 25 August 2010
This query is : Open
Could nay one tell under which section of Law
the below is considered in case of "Debenture Trust Deed"
Compliance in Stamp Duty and Registration Act"- While in case of an equitable mortgage, if no document, deed etc. is signed then nothing is required to be registered with the sub registrar of Assurances. If however, a note or letter is made then it will attract stamp duty. It is pertinent to mention that once a mortgage is created by registration then no further stamp duty is payable on registration.(under which section of Law)