alert is in continuation to our legal alert dated 28 February
2019, wherein we analyzed the provisions of the Indian Stamp Act,
1899 (as proposed to be amended by the Finance Act, 2019) (Amended
Stamp Act). The said amendments have now been notified and
are set to come into force with effect from 1 April 2020.
Rules have been introduced as a guidance note for the stock
exchanges and the depositories for collection of stamp duty,
determination of transactions (whether on delivery basis or not),
transfer of duty to respective states, filing of returns, etc.
regarding stamp duty viz.-à-viz. sale of listed securities made
through stock exchanges
regarding stamp duty viz.-a-viz. transfer of securities in the
regarding stamp duty viz.-à-viz. creation of a new security and
change in records in the depository upon the issue of
> Rules regarding correction of erroneous entries