State Act

The Indian Stamp (Delhi Amendment) Act, 2010

4. Amendment of Schedule 1A. In the principal Act, in Schedule 1A, after Article 54, and before Article 55 the following Article shall be added, namely:- “54A. Record of Transaction (Electronics or Otherwise) effected by a trading member through the association or stock exchange referred to in clause (1) and clause (27) respectively of section 2 - (a) If relating to sale and purchase of Government securities, Fifty rupees for every rupees one crore or part thereof of the value of security, (b) If relating to purchase or sale of securities, other than those falling under item (a) above - (i) In case of delivery, One rupee for every rupees 10,000 or part thereof, (ii) In case of non-delivery, Twenty paise for every rupees 10,000 or part thereof, (c) If relating to futures and options trading, Twenty paise for every rupees 10,000 or part thereof, (d) If relating to forward contracts of commodities traded through an association or otherwise. One rupee for every rupees 1,00,000 or part thereof.” Explanation I. - Any duty paid under this Article shall be adjusted towards the duty chargeable, if any, under Article 5, 19, 36, 43 or 59, as the case may be. Explanation II. – For the purpose of clause (b), securities shall have the same meaning as defined by the Securities Contracts (Regulation) Act, 1956 (42 of 1956). Explanation III – Notwithstanding anything contained in this Act or any other law for the time being in force, securities dealt in depository shall not be liable to stamp duty as exempted vide clause (c) of section 8 A of the Indian Stamp Act, 1899.”