Stamp duty in U.P under section 391 and 394

Rohitash Kumar Arya (Querist) 19 August 2019 This query is : Resolved
Whether stamp duty is payable in uttar pradesh on immovable property when subsidiary companies gets merged into parent company by transfer of 99.04%shares in 2013

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Dr J C Vashista (Expert) 21 August 2019
Commercial query.
Consult your lawyer.

M V Gupta (Expert) 24 August 2019
The stamp duty is leviable on the value for which the shares were acquired by the Parent company (Trnansferee Company) at the rate APPLICABLE TO TRANSFER OF MOVABLE PROPERTY. See the Allahabad HC judgement in Hero Motors co Vs State of UP (AIR 2009 ALL p 93)

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