Stamp duty exemption for transfers of immovable property by government companies where transfer is by strategic sale or winding up. Section 8G provides that instruments transferring a business, asset or right in immovable property by a Government company, its subsidiary, unit or joint ... Summary
Stamp duty exemption for transfers of immovable property by government companies where transfer is by strategic sale or winding up.
Section 8G provides that instruments transferring a business, asset or right in immovable property by a Government company, its subsidiary, unit or joint venture to another Government company, the Central Government, a State Government or a parliamentary development financial institution-when effected by strategic sale, disinvestment, demerger, other scheme of arrangement, under any law, or from an entity being wound up to such government recipients-shall not be liable to stamp duty, subject to approval of the Central Government or the State Government. "Government company" has the Companies Act, 2013 meaning.
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