https://www.taxtmi.com/caselaws?id=471168 Assignments of debts secured by deposit of title deeds are governed by the Kerala Stamp Act where the Indian Stamp Act exemption does not apply. Security arises through delivery of title deeds with intent to create security; a memorandum recording the deposit is not itself a mortgage deed. Such assignments therefore do not fall within the provision for transfer of an interest secured by a mortgage deed and are chargeable as conveyances. Comparable asset reconstruction entities may receive capped stamp-duty and registration-fee treatment on parity as an interim measure, pending statutory amendment and final determination. en-us Thu, 07 Dec 2023 00:00:00 +0530 Mon, 24 Aug 2026 11:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471168 Assignments of debts secured by deposit of title deeds are governed by the Kerala Stamp Act where the Indian Stamp Act exemption does not apply. Security arises through delivery of title deeds with intent to create security; a memorandum recording the deposit is not itself a mortgage deed. Such assignments therefore do not fall within the provision for transfer of an interest secured by a mortgage deed and are chargeable as conveyances. Comparable asset reconstruction entities may receive capped stamp-duty and registration-fee treatment on parity as an interim measure, pending statutory amendment and final determination. Case-Laws Indian Laws Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471168