Assignment Agreement Stamp Duty

One of the main challenges of debt disposal operations in India is the considerable impact on the disposal instrument. Given the magnitude of divestiture transactions generally carried out by banks and financial institutions or by capitalization companies (« ARCs »), the stamp duty levied on such transactions becomes a significant cost. It is clear from the abovementioned entries that the power to legislate on the rate of stamp duty levied on debt transfer securities (since it does not fall under entry 91 of the EU list) rests with the State legislature. However, the power to determine whether or not stamp duty can be applied to a particular instrument is included in the competing company. . Record the assignment contract and other similar assignment instruments performed by the petitioner with respect to the stamp duty offered in the transit order.6.