Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Stamp duty exemption for IFSC securities transactions enables retrospective regulatory directions for implementation of related compliance measures. The Part commences in April 2020 and amends the Indian Stamp Act to exempt instruments of transactions on stock exchanges and depositories established in ... Summary
Stamp duty exemption for IFSC securities transactions enables retrospective regulatory directions for implementation of related compliance measures.
The Part commences in April 2020 and amends the Indian Stamp Act to exempt instruments of transactions on stock exchanges and depositories established in an International Financial Services Centre from stamp duty, and to insert a new provision empowering the Central Government to issue directions and to authorise financial regulators to issue retrospective instructions, circulars and guidelines for carrying out the provisions of Part AA of Chapter II.
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