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Home Acts & Rules Bill Bills FINANCE BILL, 2020 Chapters List Part I AMENDMENTS TO THE INDIAN STAMP ACT, 1899 This
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Clause 140 - Commencement of this Part. - FINANCE BILL, 2020

FINANCE BILL, 2020
Part I
AMENDMENTS TO THE INDIAN STAMP ACT, 1899
  • Contents

CHAPTER VI

MISCELLANEOUS

PART I

AMENDMENTS TO THE INDIAN STAMP ACT, 1899

Commencement of this Part.

140. The provisions of this Part shall come into force on the 1st day of April, 2020.

 



 

Notes on Clauses:

Clauses 140 to 142 of the Bill seeks to amend the Indian Stamp Act, 1899, so as to––

(a) insert a proviso in sub-section (2) of section 9A of the said Act to provide exemption from stamp-duty in respect of instruments of transaction in stock exchanges and depositories established in any International Financial Services Centre set up under section 18 of the Special Economic Zones Act, 2005;

(b) insert a new section 73B in the said Act so as to empower the Central Government to issue directions and also to authorise the Securities and Exchange Board of India or the Reserve Bank of India to issue instructions, circulars and guidelines, retrospectively, for carrying out the provisions of Part AA of Chapter II of that Act.

 
 
 
 
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