Entries by Staff

Stamp Duty on Assignment of Receivables

finserv@vinodkothari.com The table below provides the rate of stamp duty applicable on assignment of receivables in major states across India: State Stamp Duty Andhra Pradesh 0.1% of the loan securitized or debt assigned with underlying securities subject to maximum limit of Rs.1 Lakh. [1] Assam 8.25 percent. Bihar 0.1% of the loan securitized or debt […]

Utilisation of accumulated surplus by section 8 companies

-Can surrogate means be used to relegate funds or benefits to shareholders Pammy Jaiswal | Partner | Vinod Kothari and Company Shraddha Shivani | Executive | Vinod Kothari and Company corplaw@vinodkothari.com Background Section 8 of the Companies Act, 2013 (‘CA’) provides for the formation of companies with specific objects. Since the section revolves around incorporation […]