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Section 9B: Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.

The Indian Stamp Act, 1899Central Act · Act 2 of 1899

[9B. Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.--Notwithstanding anything contained in this Act,--

(a) when any issue of securities is made by an issuer otherwise than through a stock exchange or depository, the stamp-duty on each such issue shall be payable by the issuer, at the place where its registered office is located, on the total market value of the securities so issued at the rate specified in Schedule I;

(b) when any sale or transfer or reissue of securities for consideration is made otherwise than through a stock exchange or depository, the stamp-duty on each such sale or transfer or reissue shall be payable by the seller or transferor or issuer, as the case may be, on the consideration amount specified in such instrument at the rate specified in Schedule I.]

Where this provision sits

ActThe Indian Stamp Act, 1899
Section9B
Marginal noteInstruments chargeable with duty for transactions otherwise than through stock exchanges and depositories.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 7 of 2019. . Ins. by Act 7 of 2019, s. 15 (w.e.f. 1-4-2020).

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