https://www.taxtmi.com/caselaws?id=287467 Section 104(2) of the Indian Companies Act, 1913 required particulars of an oral contract supporting share allotment to be filed as the instrument that would have been stamped if reduced to writing. Where the arrangement was only an agreement to transfer a business in future, followed by delivery of assets and allotment of shares, the filed particulars reflected that oral agreement and did not amount to a completed conveyance of property. On that basis, the material was chargeable as an agreement under Article 5(c) of Schedule I-B to the Indian Stamp Act, 1899, and not as a conveyance under Article 23. en-us Mon, 17 Mar 1958 00:00:00 +0530 Wed, 15 Apr 2020 12:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287467 Section 104(2) of the Indian Companies Act, 1913 required particulars of an oral contract supporting share allotment to be filed as the instrument that would have been stamped if reduced to writing. Where the arrangement was only an agreement to transfer a business in future, followed by delivery of assets and allotment of shares, the filed particulars reflected that oral agreement and did not amount to a completed conveyance of property. On that basis, the material was chargeable as an agreement under Article 5(c) of Schedule I-B to the Indian Stamp Act, 1899, and not as a conveyance under Article 23. Case-Laws Indian Laws Mon, 17 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287467