Payment of Stamp Duty
Shruti
(Querist) 03 February 2011
This query is : Open
Hi everyone,
I'm posting a query for the first time in Lawyersclubindia and after pondering over this question for quite some time, I was hoping someone amongst you could help me with the following...
Now, I'm aware that a company whose shares are transferred, need not pay Stamp Duty on them. It is the transferor or the transferee who pays it (as per mutal agreement). I have also checked the Indian Stamp Act, section 29.
However my query is that, is there any section in the Companies Act, 1956 which states this? The section need not specifically mention Stamp Duty.
