Act Number: 2

Act Name: The Indian Stamp Act, 1899

Year: 1899

Enactment Date: 1899-01-27

Long Title: An Act to consolidate and amend the law relating to Stamps,

Ministry: Ministry of Finance

Department: Department of Revenue

Section 8F: Agreement or document for transfer or assignment of rights or interest in financial assets not liable to stamp duty.
    1[8F. Agreement or document for transfer or assignment of rights or interest in financial assets not liable to stamp-duty.---Notwithstanding anything contained in this Act or any other law for the time being in force, any agreement or other document for transfer or assignment of rights or interest in financial assets of banks or financial institutions under section 5 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), in favour of any asset reconstruction company, as defined in clause (ba) of sub-section (1) of section 2 of that Act, shall not be liable to duty under this Act.]
Notes:
1. Ins. by Act 44 of 2016, s. 43 and the First Schedule (w.e.f. 1-9-2016).
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