The Delhi Assembly has passed the Court Fees (Delhi Amendment) Bill, 2012 which seeks to make a 0-fold hike in court fees and introduction of e-stamping to do away with stamp papers of all denominations. The Bill proposes to introduce electronic-stamping for ensuring speedy and hassle-free transactions. It is also likely to curb all financial irregularities associated with physical stamp papers.
The Delhi Assembly also passed the Indian Stamp (Delhi Amendment) Bill, 2012. This Bill proposes to make an amendment in Article 10 of Schedule I-A of the Indian Stamp Act, 1899, which will help the Delhi Government collect its legitimate stamp duty on increase in authorized share capital by companies. With insertion of Clause c after Clause b of Article No. 10 of Schedule I-A, the Delhi Government would be empowered to invoke 0.15 per cent of the authorized share capital with a monetary ceiling of Rs. 25 lakh as stamp duty in the case of every increase in the authorized share capital of a company.
As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More
Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion More