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Companies Law - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Mere fact that the website of the ROC indicates that stamp duty ...


Registrar's Website Error: 0.5% Stamp Duty on Increased Share Capital Not Legally Supported Without Act Amendment.

June 3, 2012

Case Laws     Companies Law     HC

Mere fact that the website of the ROC indicates that stamp duty shall be 0.5 per cent of amount on increase in the authorized share capital does not lend a legal basis for such levy, in the absence of any amendment to the Act to that effect. - HC

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