Stamp duty

What will be the lstamp duty on 1,31,70,000 of Rs. 5 each equity shares issued pursuant to scheme of amalgamation between Maruti Suzuki India Limited, amalgamated listed entity,  and Suzuki Powertrain India Limited, amalgamating unlisted entity,  & both companies having registered office at New Delhi ?

Who shall be liable for such Stamp duty i.e.amalgamated entity / amalgamating entity / shareholders ?

Is there any time limit for discharging the same ?

 

Replies (1)

Amalgamating company is supposed to pay stamp duty as amalgamating company will issue shares.

 

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