SC allows refund of Stamp duty paid for Increase in Authorised Share Capital in Excess of Maximum Capped Amount

State Of Maharashtra & Anr. Vs National Organic Chemical Industries Ltd. (Supreme Court of India) This judgement will be helpful in dealing with similar issues under the new 2013 Act also and other stamp duty related matters. An interesting question arose before the Supreme Court when the Respondent NOCIL increased its authorised capital once in the year 1992 and it paid the stamp duty as applicable. Thereafter in the year the stamp duty was capped at Rs 25 lacs. Thereafter when NOCIL again increased its authorised capital, it inadvertently deposited the stamp duty but later on claimed ref...