Insertion of new Part AA-Instruments chargeable with duty for transactions in stock exchanges and depositories-Instruments chargeable with duty for transactions otherwise than through stock exchanges and depositories

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..... ng to Of the liability of instruments to duty , the following Part shall be inserted, namely:- AA. Of the liability of instruments of transaction in stock exchanges and depositories to duty Instruments chargeable with duty for transactions in stock exchanges and depositories. 9A. (1) Notwithstanding anything contained in this Act,- (a) when the sale of any securities, whether delivery based or oth .....

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..... r as the Central Government may, by rules, provide; (c) when pursuant to issue of securities, any creation or change in the records of a depository is made, the stamp-duty on the allotment list shall be collected on behalf of the State Government by the depository from the issuer of securities on the total market value of the securities as contained in such list and in such manner as the Central G .....

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..... r the stamp-duty collected under this section to the State Government where the residence of the buyer is located and in case the buyer is located outside India, to the State Government having the registered office of the trading member or broker of such buyer and in case where there is no such trading member of the buyer, to the State Government having the registered office of the participant: Pr .....

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..... issue of securities is made by an issuer otherwise than through a stock exchange or depository, the stamp-duty on each such issue shall be payable by the issuer, at the place where its registered office is located, on the total market value of the securities so issued at the rate specified in Schedule I; (b) when any sale or transfer or reissue of securities for consideration is made otherwise th .....

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