The Delhi High Court has held that a company is not required to pay the stamp duty on the increased
amount of its authorized share capital. A bench headed by Justice S Muralidhar said this while
allowing the plea of S. E. Investments Ltd., which challenged the direction of the Registrar of
Companies (ROC) seeking stamp duty on increased amount in authorized share capital.
The court, however, made it clear that the company would not be entitled to refund of the amount
which it had already paid as stamp duty.