1. Stamp Duty on Immovable Property in a Slump Sale Although individual values cannot be assigned to the various assets for purposes of the transaction in a slump sale, appropriate values have to be considered for purposes of stamp duties. Under the Indian Stamp Act, 1899, stamp duty is payable in relation to transfer of… Read More
Tags: Allahabad High Court, Capital Gain, Immovable property, India, Stamp duty, Tax, Value Added Tax, VAT
These new guidelines are in recognition of the fact that the buyback guidelines for the stock exchange mechanism have been grossly misused over the years. Initially, there was no mandate on the amount of buyback that was required and therefore, companies would announce very high buyback price, not buy single share for the whole year… Read More
Tags: Business, Escrow, India, SEBI, Securities & Exchange Board of India, Stock exchange, Tender offer, The Companies Act 1956