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of <h1>Indian Stamp Act, 1899: Section 29 Amended to Clarify Stamp Duty Responsibilities for Securities and Introduces 'Swap' Term</h1> Section 29 of the Indian Stamp Act, 1899, is amended to remove specific references to debentures and transfers of shares and debentures. The amendment introduces new clauses specifying responsibility for stamp duty payment in various scenarios involving securities. These include the buyer in stock exchange sales, the seller in non-exchange sales, the transferor in depository transfers, and the issuer in security issuances. Additionally, for any other unspecified instrument, the person executing it is responsible for the duty. The amendment also adds the term 'swap' to the context of exchanges.
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