Corporate Law

Querist :
Anonymous
(Querist) 26 April 2011
This query is : Resolved
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)
thxz
L.N.Kumar
Manish Singh
(Expert) 31 May 2011
The same can be found in the Schedule of the Stamp Act of the concerned state. This may vary from state to state.