Collection of stamp duty on issue, transfer and sale of units of AIFs

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..... AIFs 1. Government vide Gazette notification S.O.116(E) dated January 08, 2020 has notified the Registrars to an Issue and/or Share Transfer Agents (RTA) registered under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 as a depository for the limited purposes of acting as a collecting agent under the Indian Stamp Act, 1 .....

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..... ndian Stamp Act, 1899 and the Rules made thereunder. 5. As the provisions of the amended Indian Stamp Act, 1899 and the Rules made thereunder are to be implemented and enforced w.e.f. July 01, 2020, till such time RTA are appointed, as an interim measure, AIFs shall keep the applicable stamp duty on issue, transfer and sale of units of AIFs in a designated bank account. AIFs shall transfer the .....

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..... nd to regulate the securities market. 8. The circular is available on SEBI website at www.sebi.gov.in under the categories Legal framework - Circulars and Info for - Alternative Investment Funds . Yours faithfully, Sanjay Singh Bhati Deputy General Manager Tel no.: +91-22-26449222 [email protected] - Circular - Trade Notice - Public Notice - Instructions - Offic .....

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