LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Uttar pradesh stamp duty on court order for merger

(Querist) 10 October 2012 This query is : Resolved 
If a 100% subsidiary is merged with its parent through court process, whether stamp duty is payable on such merger order (both the companies are in uttar pradesh)?

It is possible to take benefit of Notification No. 1 dated January 16, 1937, issued by the Finance Department,
Central Board of Revenue. The said notificaiton provided for remission of stamp duty chargeable on instruments evidencing transfer of property in cases, where the transfer of properties is between a parent company and its ubsidiary company, where the transferor is the
beneficial owner of not less than 90% of the issued share capital of the transferee or vice-versa.

This Notification stands withdrawn in Delhi vide notification number No.
F.l( 423 )/Regn.Br./HQ/Div.Com./lO/ 266 dated 1 st June, 2011
Sailesh Kumar Shah (Expert) 10 October 2012
is the court order for registration?
Pankaj Khodaskar (Querist) 10 October 2012
Yes, there is immovable property in transferor company.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :