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Companies Law - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Whether on mere change of the name of a Company with the ...


Company Name Change Not a Property Sale; No Stamp Duty Required for Updating Records Per Registrar Approval.

September 3, 2020

Case Laws     Companies Law     HC

Whether on mere change of the name of a Company with the approval of the Registrar of companies, sale/transfer of its immovable property takes place and stamp duty chargeable on its value or not? - Held No - The respondents are under an obligation to update the entries in the revenue record pertaining to the land with the new name of the petitioner Company by addition of word ‘private’ without payment of any stamp duty and registration charges. - HC

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