Order of Court approving amalgamation is a “conveyance” and an “instrument” on which stamp duty is payable

Order of the Court approving amalgamation is a “conveyance” and an “instrument” on which stamp duty is payable The Delhi High Court has inter alia held in the case of Delhi Towers Ltd. Vs. G.N.C.T. of Delhi [2010] 159 Comp Cas 129 (Del) that an order passed by the Court in terms of the provisions of Section 391 read with Section 394 of the Companies Act 1956 approving a scheme of amalgamation of companies is “conveyance” under Section 2(10) of Indian Stamp Act 1899 [ISA]. The High Court further held that such approved scheme of amalgamation would be an “instrument” under Sec...