Rule-making power enables central government to prescribe rules for collection and transfer of stamp duty. A newly inserted provision authorises the Central Government, by notification in the Official Gazette, to make rules to implement Part AA of Chapter II, including rules on collection of stamp duty by stock exchanges or clearing corporations from buyers, collection by depositories from transferors and issuers, procedures for transferring collected duty to State Governments, and any other matters necessary for implementation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rule-making power enables central government to prescribe rules for collection and transfer of stamp duty.
A newly inserted provision authorises the Central Government, by notification in the Official Gazette, to make rules to implement Part AA of Chapter II, including rules on collection of stamp duty by stock exchanges or clearing corporations from buyers, collection by depositories from transferors and issuers, procedures for transferring collected duty to State Governments, and any other matters necessary for implementation.
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