No separate stamp duty required for power of attorney executed with assignment deed under SARFAESI Act: Supreme Court

The Court set side a Gujarat High Court judgement which had held that stamp duty has to be independently paid for a power of attorney even if stamp duty has been paid on the assignment deed.
Supreme Court
Supreme Court

The Supreme Court recently clarified that separate stamp duty need not be paid towards a power of attorney document signed along with an assignment deed executed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002. [Asset Reconstruction Co (India) Ltd vs Chief Controlling Revenue Authority]

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