Amendments to the Indian Stamp Act, 1899

by | Jul 6, 2020

The amendments to the Indian Stamp Act, 1899, introduced by the Finance Act, 2019, are effective from July 1, 2020.

These amendments provide uniform stamp duty rates across all States on instruments of transaction in stock exchanges and depositories and seek to streamline the payment procedures. Also, the stamp duty rate leviable on the transfer of shares in physical form has been reduced from 0.25% to 0.015%.

These amendments will help to reduce the transaction costs in the securities market by rationalizing the stamp duty rates.

More News

Benchmark Litigation Rankings 2024

We are pleased to share that we have been ranked for multiple practice areas in the Benchmark Litigation 2024 rankings. Firm Rankings Labour and Employment White-collar Crime Commercial and Transactions Insolvency International Arbitration Government and Regulatory...

read more

The Legal 500 2024 Rankings

We are pleased to share that our firm has been recognised for its work across practice areas by The Legal 500 (Legalease) in their 2024 rankings. Firm Rankings Antitrust and Competition Corporate and M&A Data Protection Dispute Resolution: Litigation Intellectual...

read more