Stamp Duty on Demergers A peculiar case in Andhra Pradesh

Bar & Bench May 29 2012

Karan Talwar, a Joint Partner at the Hyderabad office of Lakshmikumaran & Sridharan discusses the issue of stamp duty on demergers with specific reference to the State of Andhra Pradesh.

By Karan Talwar

The question: Much has been written about the issue of stamp duty on mergers and demergers. The primary legal question being whether court orders pertaining to such schemes under Sections 391 to 394 of the Companies Act, 1956 (“CA”) satisfy the definitions of “instrument” and “conveyance . . .

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