Clause 147 - Amendment of Act 2 of 1899. - Finance Bill, 2023

PART II AMENDMENT TO THE INDIAN STAMP ACT, 1899 Amendment of Act 2 of 1899. 147. In the Indian Stamp Act, 1899, in Schedule I, in article 47, in division D, under the heading Exemption , for the portion beginning with Policies of life-insurance and ending with authority of the Central Government. , the following shall be substituted, namely: Policies of life insurance (a) granted by the Director-General of Post Offices in accordance with the rules for Postal Life-Insurance issued under the authority of the Central Government; and (b) under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). .