Stamp Duty On Share Pledge Agreement In Gujarat

(i) where those empty areas are located in an urban area, in addition to the duties to be collected in accordance with Sections 3 and 3A, at the rate of duty of 50% of the duty collected under Section 3; and 18. But the two states of Maharashtra and Gujarat have specific provisions that provide that if a stamp is not used or issued within six months of the date of its issue, it is treated as outdated. Section 52B(b) of the MSA Act and Section 52C of the Bombay Stamp (Gujarat Amendment) Act, 2016, states that if a stamp has been purchased and is not used and quotas are not claimed within six months, it is considered invalid. However, stamps purchased and not used in accordance with their intended purpose shall be entitled to a refund after deduction of certain costs if they have purchased within six months and fulfil the conditions laid down in Chapter V of the ASM. 11. If the stamp document is unused or mutilated, a person may request a refund of stamp duty. To do this, the stamp collector must be used within 6 months of the purchase of the stamps (ยง 47 MSA). (a) if the loan or liability is repayable on request or more than three months after the date of the act by which the agreement is proved, – 10. The stamp duty levied by the legislator is found on the instrument and on the performance of the instrument.

The measure for collecting stamp duty may be fixed by the legislator or fixed ad-valorem. The basis for calculating stamp duty may be determined by the State legislature and may be based on the market value of the immovable property transferred or on a fixed amount. 9. If the goods are in one of the limit combinations referred to in points (i), (ii) and (iii), the fee to be paid shall be the maximum amount of customs duties referred to in points (i), (ii) and (iii). 6. The exemption from stamp duty for transfers of securities in a dematerialized form has been lifted. Therefore, the transfer of dematerialized securities, in addition to the Securities Transaction Tax (TWU), also leads to an increase in stamp duty costs, which increases transaction costs. For example, in addition to the STT of 0.1% on the price, the transfer of shares through a stock exchange will now be subject to stamp duty of 0.015% on the price of the transferred shares.

However, in accordance with the amended Section 8A of the ISA, the transfer of registered ownership of securities from a person to a depositary (i.e. B conversion of physical or materialized securities into dematerialized securities) or from a depositary to a beneficial owner (conversion of dematerialized securities into physical or materialized transferable securities) remains excluded. (ii) an amount equal to 0.7% of the total market value of the shares issued or allocated to the resulting company and the amount of consideration paid for such division. . . .

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