Section 8A: [ Securities dealt in depository not liable to stamp-duty. [Substituted by Finance Act, 2019 (Act No. 7 of 2019) dated 21.2.2019.]

Q: What does Section 8A of The Indian Stamp Act, 1899 (ISA) deal with?

Section 8A ISA pertains to "[ Securities dealt in depository not liable to stamp-duty. [Substituted by Finance Act, 2019 (Act No. 7 of 2019) dated 21.2.2019.]". It is part of the The Indian Stamp Act, 1899, a legislation enacted by the Parliament of India. Section 8A of The Indian Stamp Act, 1899 (ISA) governs [ Securities dealt in depository not liable to stamp-duty. [Substituted by Finance Act, 2019 (Act No. 7 of 2019) dated 21.2.2019.]. As verified on 19 May 2026.

Q: Is Section 8A ISA still in force?

Yes, Section 8A of the The Indian Stamp Act, 1899 is currently in force across the Republic of India.

Q: What is धारा 8A ISA?

धारा 8A ISA is the Devanagari Hindi reference for Section 8A of the The Indian Stamp Act, 1899. Section 8A of The Indian Stamp Act, 1899 (ISA) governs [ Securities dealt in depository not liable to stamp-duty. [Substituted by Finance Act, 2019 (Act No. 7 of 2019) dated 21.2.2019.]. As verified on 19 May 2026.

Q: What is Dhara 8A ISA?

Dhara 8A ISA is the Roman Hindi reference for Section 8A of the The Indian Stamp Act, 1899. "Dhara" means "Section" in Hindi. Section 8A of The Indian Stamp Act, 1899 (ISA) governs [ Securities dealt in depository not liable to stamp-duty. [Substituted by Finance Act, 2019 (Act No. 7 of 2019) dated 21.2.2019.]. As verified on 19 May 2026.

Q: How to cite Section 8A of The Indian Stamp Act, 1899?

Cite as: "Section 8A, The Indian Stamp Act, 1899 (ISA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Stamp Act, 1899, § 8A (India).

Law on Tips Editorial Board

- Notwithstanding anything contained in this Act or any other law for the time being in force, -

(a) an issuer, by the issue of securities to one or more depositories, shall, in respect of such issue, be chargeable with duty on the total amount of securities issued by it and such securities need not be stamped;

(b) the transfer of registered ownership of securities from a person to a depository or from a depository to a beneficial owner shall not be liable to duty.

(a) a scheme for corporatisation or demutualisation, or both of a recognised stock exchange; or

(b) any instrument, including an instrument of, or relating to, transfer of any property, business, asset whether movable or immovable, contract, right, liability and obligation, for the purpose of, or in connection with, the corporatisation or demutualisation, or both of a recognised stock exchange pursuant to a scheme,

(a) the expressions corporatisation, demutualisation and scheme shall have the meanings respectively assigned to them in clauses (aa), (ab) and (ga) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);

(b) Securities and Exchange Board of India means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)]

(a) conversion of a branch of a bank into a wholly owned subsidiary of the bank or transfer of shareholding of a bank to a holding company of the bank in terms of the scheme or guidelines of the Reserve Bank of India shall not be liable to duty under t his Act or any other law for the time being in force; or

(b) any instrument, including an instrument of, or relating to, transfer of any property, business, asset whether movable or immovable, contract, right, liability and obligation, for the purpose of, or in connection with, the conversion of a branch of a bank into a wholly owned subsidiary of the bank or transfer of shareholding of a bank to a holding company of the bank in terms of the scheme or guidelines issued by the Reserve Bank of India in this behalf, shall not be liable to duty under this Act or any other law for the time being in force

(i) For the purposes of this section, the expression "bank " means-

(a) "a banking company " as defined in clause (c) of section 5 of the Banking Regulation Act, 1949;

(b) "a corresponding new bank " as defined in clause (da) of section 5 of the Banking Regulation Act, 1949;

(c) "State Bank of India " constituted under section 3 of the State Bank of India Act, 1955;

(d) "a subsidiary bank " as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959;

(e) "a Regional Rural Bank " established under section 3 of the Regional Rural Banks Act, 1976;

(f) "a Co-operative Bank " as defined in clause (cci) of section 5 of the Banking Regulation Act, 1949;

(g) "a multi-State co-operative bank " as defined in clause (cciiia) of section 5 of the Banking Regulation Act, 1949;

(ii) For the purposes of this section, the expression the "Reserve Bank of India " means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934.]