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Suresh (CFO)     24 October 2011

Stamp duty in karnataka

What is the stampduty % on Sale of Receivables (Assignment of Receivables)  in Karnataka ???



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 2 Replies

Sankaranarayanan (Advocate)     24 October 2011

6% i hope. anyhow check with your nearer stamp venture  and subregistred office

Suresh (CFO)     24 October 2011

 

As per the Karnataka Stamp Act :

(6) If relating to Assignment of receivables by the originator to the special purpose vehicle (SPV) or by whatever name they are called, in the process of securitisation. 1[under securitization and reconstruction of financial assets and enforcement of security interest Act, 2002]. 


"One rupee for every one thousand rupees or part thereof subject to a maximum of rupees one lakh."

Is above clasue applicable to Assignment of Receivables ? 


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