Section 137 - Amendment of section 8A of Act 2 of 1899 - Finance Act, 1999

137. Amendment of section 8A of Act 2 of 1899 In the Indian Stamp Act, 1899, in section 8A, after clause (e), the following clause shall be inserted, namely:- (f) transfer of beneficial ownership of debentures, such debentures being debentures of a company formed and registered under the Companies Act, 1956 (1 of 1956) or a body corporate established by a Central Act, dealt with by a depository, shall not be liable to duty under article 27 of Schedule I of this Act. .