Stamp Duty Updates

Background of the Case In a recent ruling, the Bombay High Court (“the Court”) decided on a writ petition filed by Schaeffler India Ltd (“the Company”) challenging the validity of stamp duty levied on an NCLT sanction order approving a composite scheme of amalgamation involving multiple transferor companies. The dispute centred on whether stamp duty […]

Recently, the Delhi Revenue Department has issued a clarification stating that the applicable stamp duty rate on the issuance of shares whether in physical or dematerialized form is 0.1%, superseding the previously considered rate of 0.005%. Accordingly, all companies having their registered office within the NCT of Delhi must now ensure compliance with Article 19 […]