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Stamp Duty On Share Pledge Agreement In Mumbai

When a settlement agreement is marked with the stamp required for a resolution instrument and an act of resolution under this agreement, the obligation provided by that act may not exceed ten rupees: [17. CERTIFICAT OR OTHER DOCUMENT, the right or title of the holder of the company or any other person in shares, scrip or shares of a registered company or other entity, or to become holders of shares, scrip or shares in a company or company of this type. No. 5 / Stamp duty 06 / Letter. 58/06/1224 Inspector General at Registration – Stamp Maharashtra State, Pune Office, Pune. Date: 10/08/2006 To, The Superintendent of Stamps, Mumbai. Under: stamp duty levy on agreement reductions concluded before 12.10.1985, reference: letter no BOM/5064/06 of 03/08/2006, we explain: With respect to contracts entered into prior to 12.10.1985, stamp duty applied under section 5, point h), the Bombay Stamp Duty Act of 1958 and not under section 25 of the Act. This is according to the verdict of Honorable Mumbai High Court in the case of Padma Nair V/S Dy. Collector, Stamps – Adjudication and others. Where public law agreements executed prior to 12.10.1985 are submitted in accordance with Article 31, the stamp collector cannot comment on such agreements under Article 32 C (A) and B). Instead of placing an order, you can, in accordance with Article 33 or Amnesty Scheme, send a letter to the following format to the persons concerned who submitted these documents.

“Your sales contract will be executed before 12.10.1985. At the time of your transaction, the sales contract was not treated as partial transportation and the stamp duty collection provision was not applicable on that date. As such, the agreement is considered duly marked in accordance with Article 5, point h). It should be noted, however, that if you continue to get help, you would be required to pay full stamp duty on the current market value of your property, as required by the rules. General Controller of Registration and Stamp Controller Maharashtra State, Pune Same duty as on a transport, but at the market value of this property, which has the higher value article 54 of Schedule 1A of the Delhi Stamp Act stipulates that the stamp duty on the transmission of the mortgaged building is three percent of the amount of consideration set in the instrument.