Stamp duty exemption for transfer of beneficial ownership of debentures when dealt with by a depository. The amendment provides that transfer of beneficial ownership of debentures, where such debentures are of a company or a body corporate established by a Central Act and are dealt with by a depository, shall not be liable to duty under the relevant article of the Schedule.
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Provisions expressly mentioned in the judgment/order text.
Stamp duty exemption for transfer of beneficial ownership of debentures when dealt with by a depository.
The amendment provides that transfer of beneficial ownership of debentures, where such debentures are of a company or a body corporate established by a Central Act and are dealt with by a depository, shall not be liable to duty under the relevant article of the Schedule.
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