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of <h1>Section 8B exempts stock exchange corporatisation and demutualisation schemes from stamp duty if SEBI-approved.</h1> Section 8B has been added to the Indian Stamp Act, 1899, through the Finance Act, 2005. This section exempts corporatisation and demutualisation schemes of recognized stock exchanges, as well as related instruments, from stamp duty. These schemes and instruments, including transfers of property, business, or assets, are not liable to duty if approved by the Securities and Exchange Board of India (SEBI) under the Securities Contracts (Regulation) Act, 1956. The terms 'corporatisation,' 'demutualisation,' and 'scheme' are defined in the Securities Contracts (Regulation) Act, 1956, and SEBI is established under the SEBI Act, 1992.
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