CJ Jouhal
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An Entrepreneur that leverages technology to grow and enhance a business. A Technologist that understands business and entrpreneurship and makes technology facilitate the business model.

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Stamp Duty On Share Purchase Agreement Maharashtra

In principle, investment transactions focus on two concepts: share transfer and share issuance. Stamp duty on each person must be included separately. Any sale of securities (based or otherwise) on the stock market, including, but not limited to a call for tenders, an open offer or an offer to sell, private placements, is subject to the stamp tax levied on the market value of securities traded on the stock markets at the time of liquidation of the transaction and levied by the buyer from the exchange or clearing house concerned which it authorizes on behalf of the State Government. 2.2 p. 3 of the Act, stamp duty, at the rate indicated in Schedule I, is imposed on any instrument exported to the state. Instruments performed outside the state are taxable only upon receipt in the state, provided they relate to real estate located in the state or something or something to be done in the state. The stamp must be affixed before or at the time of execution. In accordance with Section 108 of the Company Act 1956, a company may register the transfer of shares only if a formal deed of assignment has been duly stamped and executed by the ceding company and the purchaser has been delivered to the company. Stamp duty is mentioned below in four states, namely Maharashtra, West Bengal, Karnataka, Delhi for the transactions of M-A. 5.2 In addition, any official may seize these mislabeled instruments if he realizes them.

These seized instruments are to be sent to the collector, who then determines the amount of tax and, if necessary, the penalty to be paid. Each part to an instrument can also submit suo moto an evaluation instrument by the collector u/s 31. Article 20, paragraph 4, point (i) of the Karnataka Stamp Act calendar stipulates that stamp duty on corporate mergers is 2% of the market value of real estate located in karnataka State. The true rate of stamp duty in Maharashtra on the certificate or other stock document, scrip, stock, etc., including the amount of the premium is Re. 1 for each Rs. 1,000 or part. Prior to notification of the provisions of Part 1 of Chapter IV of the Finance Act, the transfer of Demat securities was not subject to stamp duty.

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