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Since depository is the registered holder in companys books, will a remat be a case of transfer from Depository to investor and a stamp duty charged on it?

April 26, 2017Books Case COMPANY Depository investor registered remat stamp transfer

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Since depository is the registered holder in companys books, will a remat be a case of transfer from Depository to investor and a stamp duty charged on it?

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A. No. 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 stamp duty related to transfer.