https://www.taxtmi.com/caselaws?id=113538 A court-sanctioned amalgamation scheme that transfers property and liabilities between existing juristic persons is an instrument of conveyance within the Indian Stamp Act, 1899, and is therefore chargeable to stamp duty. The transfer operates by law, but that does not exclude stamp liability because the scheme itself effects vesting and transfer. A pre-Constitution remission notification of 25-12-1937 remains operative unless repealed or superseded, and its reference to the Companies Act, 1913 is read with the corresponding provisions of the Companies Act, 1956. The remission applies to eligible parent-subsidiary or subsidiary-subsidiary transfers, subject to the prescribed certificate requirement. en-us Tue, 01 Dec 2009 00:00:00 +0530 Tue, 21 Oct 2014 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113538 A court-sanctioned amalgamation scheme that transfers property and liabilities between existing juristic persons is an instrument of conveyance within the Indian Stamp Act, 1899, and is therefore chargeable to stamp duty. The transfer operates by law, but that does not exclude stamp liability because the scheme itself effects vesting and transfer. A pre-Constitution remission notification of 25-12-1937 remains operative unless repealed or superseded, and its reference to the Companies Act, 1913 is read with the corresponding provisions of the Companies Act, 1956. The remission applies to eligible parent-subsidiary or subsidiary-subsidiary transfers, subject to the prescribed certificate requirement. Case-Laws Companies Law Tue, 01 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113538