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of <h1>New Section 8G in Indian Stamp Act Exempts Government Company Transfers from Stamp Duty in Strategic Sales and Disinvestments.</h1> The Indian Stamp Act, 1899, is amended by inserting Section 8G, which exempts certain transactions from stamp duty. This section specifies that instruments for the conveyance or transfer of immovable property by a Government company, its subsidiary, unit, or joint venture, through strategic sale, disinvestment, demerger, or other arrangements to another Government company, the Central or State Government, or a development financial institution, are not subject to stamp duty. This exemption also applies to companies being wound up or liquidated, provided the transaction is approved by the Central or State Government. 'Government company' is defined as per the Companies Act, 2013.
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