NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : COMPLIANCE Download Ref No : NSE/COMP/31775

Date : February 19, 2016

Circular Ref. No : 248/2016

To All Members Sub: Payment of stamp duty for the State of Telangana at the revised rate In addition to the Gazette Notification mentioned in Circular Download Ref No: NSE/COMP/31753, the Exchange is in receipt of a letter from Commissioner and Inspector General of Registration and Stamps, TS, Hyderabad bearing Letter No: S1/289/2015, regarding payment of Stamp Duty at the new rate and calculation for the same. The relevant extract of the letter is reproduced below for your information and necessary action: Quote As per G.O. Ms. No. 120, Revenue (Registration –I) Department Dated: 23.07.2015, Telangana State, Article 38 (b) of Schedule. I-A to The Indian Stamp Act, 1899 is amended as under. Article of Schedule I-A and Description of the instruments Article 38 : NOTE OR MEMORANDUM sent by a broker or agent to his principal intimating the purchase or sale on account of such principal(b) of any stock or marketable security exceeding in value twenty rupees.

Existing Stamp Duty

New Rate of Stamp Duty

Subject to a maximum of fifty rupees, fifty paise for every Rs. 10,000/- or part thereof of the value of the stock of security.

Subject to a maximum of one Hundred rupees, one rupee for every Rs. 10,000/- or part thereof the value of the stock or security.

Therefore it is informed that the maximum Stamp Duty payable under Article 38 (b) has been enhanced from Rs. 50/- to Rs. 100/- and also rate of Stamp Duty is enhanced from 50 paise for every Rs. 10,000/- to one rupee for every Rs. 10,000/-or part there of the value of the stock or Security w.e.f.23.07.2015. Kindly Calculate and collect Stamp Duty Accordingly and submit compliance. You are also requested to collect and pay the arrears i.e. difference

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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amount of Stamp Duty from 23.07.2015 till date directly to the AIG (Stamps), Telangana, Hyderabad. Calculate stamp duty as under. State

Jobbing stamp

Telangana

0.01%

Derivatives/currency stamp 0.01%

Delivery stamp 0.01%

Maximum limit Max Rs.100 per contract

Unquote For any further clarification in the matter, trading members are requested to directly contact the Telangana Stamp officials at – 040-23449157. All members are requested to ensure compliance of the above.

For and on behalf of National Stock Exchange of India Limited

Nipa Simaria Chief Manager

Telephone No 1800 22 00 51

Fax No. +91-22- 26598428

Email id [email protected]

Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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NSE/COMP/31775 Date : February 19, 2016 Circu - National Stock ...

Feb 19, 2016 - stock or Security w.e.f.23.07.2015. Kindly Calculate and collect Stamp Duty Accordingly and submit compliance. You are also requested to ...

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