Sir,
Bank has financed Term Loan & Working Capital limits under our sanction which falls under the maximum stamp duty slab limit i.e. Loan amount above 10 Cr. Subject to maximum of Rs. 8 Lacs + 40% surcharge, ultimately maximum stamp duty is Rs. 11,20,000/- (Rs. 8,00,000+40%).
The bank has sanctioned both Term Loan & Working Capital facilities. The bank is asking for two seperate documents i.e. one for term loan and another for working capital.
Please provide the related stamp duty Act/Rules which clarify whether maximum stamp duty payable overall for Term Loan & Working Capital or payable seperately for Term Loan & Working Capital.
Under consortium finance, documentation has to be done between two banks. Bank(s) will be prepare consortium document(s).
Please provide the information whether consortium documents prepared only by lead banker or by all banks involved in consortium financing.
Please provide information about the stamp duty applicability under the relevant stamp act which provides maximum slab of stamp duty payable.
Please provide the information whether stamp duty payable will going to be bank wise or document wise.
