lost mutual fund certificates

Querist : Anonymous (Querist) 27 November 2010 This query is : Resolved
In 1998 1 purchased MF of ICICI after 12 years I have earned just Rs.500 on that.

I HV LOST MY MF CERTIFICATES, AMC is asking for INDEMNITY BOND ON Rs. 300 stamp papers as per SEBI guidelines. Pl. guide whether it is correct that SEBI has specifically asked for stamp papers of Rs.300/- for I Bond

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Raj Kumar Makkad (Expert) 27 November 2010
Yes.

Kirti Kar Tripathi (Expert) 28 November 2010
yes.

Advocate Bhartesh goyal Online

(Expert) 28 November 2010
You have to submit indeminity bond on Rs 300/ rupees stamp paper as required by Sebi.

R.Ramachandran (Expert) 28 November 2010
SEBI Guidelines would not prescribe anything relating to the stamp duty payable on the Indemnity Bond. It is the Indian Stamp Act, 1899 which would govern that aspect, plus the State Amendment any.

Article 15 of Schedule I of Indian Stamp Act, 1899 would apply in the matter.

The amount of stamp duty applicable as per Article 15 is in the attached file.

You can calculate the stamp duty accordingly

R.Ramachandran (Expert) 28 November 2010
File omitted to be attached, is now attached.

Devajyoti Barman (Expert) 28 November 2010
yes

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