Stamp Duty on Arbitration Agreements
ABSTRACT The article deals with the changes that took place in the arbitration in India relating to the stamp duty issue through the analysis of the new judgement (October 2023) of NN Global Mercantile v. Indo Unique Flame case[1], which overturn the five-judges bench decision of the same case delivered in April 2023. The paper … Continue reading Stamp Duty on Arbitration Agreements
Read more »In a Matter handled by KNK, the Hon’ble Allahabad High Court, as an interim measure, orders removal of seal on premises of the Petitioner involved in a Stamp Duty Dispute.
Introduction A Writ Petition was filed by C&B Aroma’s (Petitioner) Partnership firm before the Hon’ble Allahabad High Court with regard to the attachment and sealing of its premises in Noida Special Economic Zonewhich was purchased by him from Bank through auction owing to SARFAESI[1] proceedings. The property of the Petitioner was sealed by the Commissioner … Continue reading In a Matter handled by KNK, the Hon’ble Allahabad High Court, as an interim measure, orders removal of seal on premises of the Petitioner involved in a Stamp Duty Dispute.
Read more »Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof: The Indian Stamp Act of 1899 (2 of 1899) acts as fiscal legislation. It is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions. The sole purpose of this Act is to generate revenues … Continue reading Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
Read more »