Sarfaesi act - on em, stamp duty required at which place
Querist :
Anonymous
(Querist) 04 November 2019
This query is : Resolved
If equitable mortgage is created at a place (state) where no stamp duty is required and subsequently, if proceedings are initiated by the Bank under Sec. 14 seeking police help at the place (another state) where property is situated and where stamp duty is required on equitable mortgage, can DM require the Bank to pay the stamp duty before ordering police help AND whether stamp duty will be required for enforcement of the equitable mortgage in such a case.
ashok kumar singh
(Expert) 07 November 2019
no stamp duty is require on equitable mortgage as meant for in sarfesai act, therefore no such requirement ever call for any authority concern, so far.
thanks
ashok kumar singh, advocate
