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of <h1>Registrars and Share Transfer Agents Now 'Depositories' for Non-Exchange Transactions under Indian Stamp Act, 1899.</h1> The Central Government has notified that 'Registrars to an Issue and/or Share Transfer Agents' registered under the Securities and Exchange Board of India Regulations, 1993, are designated as 'depositories' for the specific purpose of acting as 'collecting agents' under the Indian Stamp Act, 1899. This designation applies only to transactions conducted outside recognized stock exchanges or depositories as defined by the Securities Contracts (Regulation) Act, 1956, and the Depositories Act, 1996. This notification was issued by the Ministry of Finance, Department of Revenue, on January 8, 2020.
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