Section BA ins. by Act 22 of 1996, Suc. 10 of 2000, sec. 118. 30 and Sch. (w.e.t, 20.9.1995) and subs. by Act — THE INDIAN STAMP ACT, 1899 (2 of 1899)

Section BA ins. by Act 22 of 1996, Suc. 10 of 2000, sec. 118. 30 and Sch. (w.e.t, 20.9.1995) and subs. by Act

1. Section BA ins. by Act 22 of 1996, Suc. 10 of 2000, sec. 118. 30 and Sch. (w.e.t, 20.9.1995) and subs. by Act (52 of 1963), dealt wi shall not be liable to duty under this Act or any other law for the time being in force —For Sr the purposes of this section, ion, S have the meaning the expressions "beneficia, : gs respectively assigned is mg —For the purposes of this section, ion, the expressions "beneficia, ceili Sraveeree! Shall have the meanings respectively assigned is (1) of section 2 of the EPOSitories mg ceili Sraveeree! them in clauses (a), (e) and (f) of sub-section (1) of section 2 of the EPOSitories Act, 1996 (22 of 1996). Explanation 2.— For the purposes of this section, the expression—'securities" have the meaning assigned to it in clause (h) of section 2 of the Securities Explanation 2.— For the purposes of this section, the expression—'securities" shall have the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956).] Contracts (Regulation) Act, 1956 (42 of 1956).] (8B. Corporatisation and demutualisation schemes and related uments not liable t emes and related instruments not liable to duty.— Notwithstanding anything contained in this Act or any other law for the time being in f any other law for the time being in force,— (a) a scheme for corporatisation or demutualisation, or both of 4 recognise stock exchange; or recognised stock exchange; or (b) any instrument, including an instrument of, or relating to, transfer of any property, business, asset ment of, or relating to, transfer of any property, business, asset whether movable or immovable, contract, right, liability and her movable or immovable, contract, right, liability and obligation, for the purpose of, or in connection with, the corporatisation obligation, for the purpose of, or in connection with, the corporatisation or demutualisation, or both of a recognised stock exchange pursuant to a scheme, corporatisation or demutualisati recognised stock exchange pursuant to a scheme, Explanation.—For the purposes of this section, — (a) th t to a scheme, as approved by the Securities and Exchange Board of India under sub-section section 4B of the Securities Contracts (Regulation) Act, the Securities and Exchange Board of India under sub-section section 4B of the Securities Contracts (Regulation) Act, 1956, shall not be liable to duty under this Act or any other law for the time being in force. (2) of Securities Contracts (Regulation) Act, 1956, s duty under this Act or any other law for the time being in force. Expla (2) of ion, — (a) the expressions "corporatisation", "demutualisation" and " have the meanings respectively assigned to ions "corporatisation", "demutualisation" have the meanings respectively assigned to them i and (ga) of section 2 of the Securities nings respectively assigned to them and (ga) of section 2 of the Securities Contracts ( "Securities and scheme" shall all n clauses (aa), (ab) gulat a), (ab) Regulation) Act, 1956: India Act, 1992.]. 9. Power to reduce, remit or Compound duties.— e or order published in the Official Gazette ,— to reduce, by rule or order published remit or Compound duties.— (1) The Government may in the Official Gazette ,— e ,— curities Contracts (b) "Securities and Exchange Board of India" me Exchange Board of India established and Exchange Board of India" me Exchange Board of India established under se and Exchange Board of India Act, 19 Board of India established under and Exchange Board of India Act, 1992.]. r to redu ans the Securities and ct d ction 3 of the Securities any part (a) rt (a) o of r f reduce the ter educe the territories or remit ic ritories or remit, un , under whet der whether prospectively or retrospectively, in the whole or its ad ministration the duties with ther prospectively or retrospectively, its ad ministration the duties with which nts, Or any of the instrume rume tion the duties with which nts, Or any of the instruments be xeculed by or in favo ur of any p any of the ins xeculed by or in favo members of such c of the territories under its ad or any particular class of instrume Class, or any inst class of instrume Class, or any instruments when e persons, or by or in favour or any instruments when e persons, or by or in favour of any ( any instruments long to such nts longing to such ticular uled by members nts be longing to such ur of any particular class of ss are chargeable, r in favo ur of any particular class of such class are chargeable, and idation of duties of arketable securities. (2) In this section expression "the Government" (a) in relation to Stamp du (a) section expression "the Government" means— in relation to Stamp duly in respect of bills of Promissory holes, bills ex ans in relation to Stamp duly in respect of bills of Promissory holes, bills of lading, lettors avoir of credit e in respect of Promissory holes, bills of lading, lettors avoir eonentures, Proxies ls of bills of lading, lettors of credit eonentures, Proxies and recei lettors of credit Proxies and receipts. and in relation policies of insurance Proxies and receipts. and in relation to 96 in List | in he Seventeen ae this + i Government nale 1 Seventeen ae this + i nale 1e Constitu ee ee nal ution, the Central 96 in List | in Government en nale is + i ee ee nal 1e Constitution, the Central exchange, cheques, pts. and in re policies of insurance, (b) Provide for the com the case de for the and in the case of issue of t sue of transfers where the deben e the debentures, bonis or o of such class are chargeable, and Position or consolidation of duties of policies of insurance any incorporated rompany or other body corporate sition or consolidation of duties of policies of insurance S by any incorporated rompany or other body corporate °{ of re Is a single lransferee, whether incorporated ther m ny incorporated rompany or other body corp a single lransferee, whether incorporated arketable securities. °{ of single lransferee, whether incorporated or not] of ther marketable securities. expre

Section 1