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 transactions in International Financial Services Centre stock exchanges and depositories; government may issue retrospective directions. A proviso exempts stamp duty on instruments of transaction in stock exchanges and depositories established in any International Financial Services Centre ... Summary
Stamp duty exemption for transactions in International Financial Services Centre stock exchanges and depositories; government may issue retrospective directions.
A proviso exempts stamp duty on instruments of transaction in stock exchanges and depositories established in any International Financial Services Centre under the Special Economic Zones Act, 2005. A new provision empowers the Central Government to issue directions and authorises SEBI or the RBI to issue instructions, circulars and guidelines, including retrospectively, to carry out Part AA of Chapter II of the Stamp Act.
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