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of <h1>Government Exempts Transfer of Bonds by Government Companies from Section 108(1) Stamp Requirement under Companies Act, 1956</h1> The Central Government, under section 620 of the Companies Act, 1956, has issued a directive regarding the transfer of bonds by Government companies. It states that the requirement for a duly stamped and executed instrument of transfer under section 108(1) does not apply to such bonds. Instead, the transferee must provide their name, address, and occupation, along with the bond certificate or letter of allotment, to the company. This notification was drafted and presented before both Houses of Parliament as required by the Act.
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