Power of attorney executed with assignment deed under SARFAESI Act wasn’t liable for a separate stamp duty : SC

FEMA, BANKING amp; INSURANCE : Where appellant has acquired financial assets of OBC in terms of Section 5(1)(b) of Securitisation Act, 2002, and deed of assignment had already been charged to stamp duty under Article 20(a), draft of Power of Attorney contained in deed of assignment was not liable to stamp duty under article 45(f) of Schedule 1 of Gujrat Stamp ActFEMA, BANKING amp; INSURANCE : Where appellant has acquired financial assets of OBC in terms of Section 5(1)(b) of Securitisation Act, 2002, and deed of assignment had already been charged to stamp duty under Article 20(a), draft of Power of Attorney contained in deed of assignment was not liable to stamp duty under article 45(f) of Schedule 1 of Gujrat Stamp Actwww.taxmann.com Latest Case LawsRead More

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