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Stamp duty on Proprietary Trade

WHEREAS the Governor is of the opinion that there are realistic grounds for doing so;

NOW, THEREFORE, in exercising of the powers conferred by means of clause (a) of sub-section (I) of area 9 of the Indian Stamp Act, 1899 (2 of 1899), the Governor is thrilled hereby to remit the distinction of stamp responsibility chargeable on proprietary change per day per member in the units belonging to buy or sale of securities (delivery/ non-delivery based totally shares and commodity transactions, future and alternative trading, currency, pastime rate, debt protection which include bond) and rupees one thousand and 5 hundred in case of all these proprietary transactions taking collectively per day per member with the aid of the buying and selling member(s) beneath Art. 43A of Schedule 1 A of the stated Act.

Provided that this remission will be relevant in instances the place chargeability of stamp responsibility exceeds rupees one thousand and 5 hundred. 

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