Stamp Duty
This query is : Resolved
28 July 2009
Hi all,
What would be the stamp duty levied for mergers and acquisition in the state of gujarat?? What would be the rate for the same?
What would be the stamp duty levied for mergers and acquisition in the state of gujarat?? What would be the rate for the same?
28 July 2009
As per 2(d) of the Bomabay Stamp Act as applicable to the State of Gujarat, stamp duty is payable on the Order of the High Court approving the Amalgamation. The stamp duty is calculated as 1% of the market value of the shares issued to the shareholders of the transferor company or the value of the immovable property transferred to the transferee company, whichever is higher.
Please refer the specific clause as mentioned above for detailed explanatory notes on various definitions and terms used in the section.
Please refer the specific clause as mentioned above for detailed explanatory notes on various definitions and terms used in the section.
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03 August 2009
Thank you very much sir
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