Clause 17 - Amendment of section 29 - Finance Bill, 2019

Amendment of section 29. 17. In section 29 of the principal Act, (i) in clause (a), (a) the words, figures and brackets No. 27 (Debenture) shall be omitted; (b) the words, figures, brackets and letter No. 62 (a) (Transfer of shares in an incorporated Company or other body corporate) shall be omitted; (c) the words, figures, brackets and letter No. 62 (b) (Transfer of debentures, being marketable securities, whether the debenture is liable to duty or not, except debentures provided for by section 8) shall be omitted; (ii) in clause (e), after the word exchange , the words including swap shall be inserted; (iii) in clause (f), the word and shall be omitted; (iv) after clause (g), the following clauses shall be inserted, namely: (h) in the case of sale of security through stock exchange, by the buyer of such security; (i) in the case of sale of security otherwise than through a stock exchange, by the seller of such security; (j) in the case of transfer of security through a depository, by the transferor of such security; (k) in the case of transfer of security otherwise than through a stock exchange or depository, by the transferor of such security; (l) in the case of issue of security, whether through a stock exchange or a depository or otherwise, by the issuer of such security; and (m) in the case of any other instrument not specified herein, by the person making, drawing or executing such instrument. .