Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments

The Central Government has enforced the amendments to the Indian Stamp Act, 1899, as proposed under Part I, Chapter IVof the Finance Act, 2019, from July 1 onwards. The amendments, related to collection of Stamp Duty on securities, were first scheduled to come into force on January 9, 2020, which was later extended to AprilContinue reading “Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments”

President Promulgates Banking Regulation (Amendment) Ordinance, 2020

Amendments to ensure better management & sound regulation of Cooperative banks Facilitates making of reconstruction/amalgamation Scheme in the interest of public/depositors/banking/proper banking company management In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. (Click to view the Gazette notification on the Ordinance) TheContinue reading “President Promulgates Banking Regulation (Amendment) Ordinance, 2020”