Stamp Duty on Share Pledge Agreement in Mumbai
In Mumbai, the stamp duty on share pledge agreements has become a topic of discussion among investors and legal experts. The stamp duty is a tax imposed on the transfer of shares as collateral in a pledge agreement.
According to a recent article on Ponomo Design, the stamp duty on share pledge agreements in Mumbai is calculated based on the market value of the pledged shares. The stamp duty rates vary depending on the value of the shares and can be a significant expense for investors.
Another important aspect to consider is the prior agreement regarding reimbursement. As mentioned in Marketing PMI, it is crucial to have a clear and prior agreement on the reimbursement terms before entering into a share pledge agreement.
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