MERGER AND AMALGAMATION UPDATE
Charging of Stamp Duty in case of Merger / Amalgamation
All the Deputy Commissioners in the state are requested to direct all the registering authorities under their control to impose stamp duty @5% on all the instruments of merger / amalgamations which are executed by the company on the directions / orders of the Court evidencing transfer of property as per Article 23(a) of Schedule 1-A of the Indian Stamp Act, 1899.
The said letter also directs all the deputy commissioners to collect all such relevant information from the registering authorities where no stamp duty was charged on instruments of mergers/amalgamation during the last five years.
