Name various documents which requires Stamping in case of merger.
CS Professional · Corporate Restructuring, Valuation and Insolvency · PYQS · June 2017
Name various documents which requires Stamping in case of merger.
Answer & Explanation:
Documents mentioned below require stamping in case of merger: Court Order: When transfer takes place by virtue of a court order to a scheme of amalgamation, stamp duty is payable. The order of the court ordering the transfer of assets and liabilities of the transferor company to the transferee company is deemed to be a conveyance. Stamp duty on other documents: Usually, in a merger, several other documents, agreements, indemnity bonds, etc. are executed, depending on the facts of each case and requirements of the parties. Stamp duty would also be leviable as per the nature of the instrument and its contents.
Topics: Mergers
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