Amendment status not verified — confirm the current text below against the official source.
Power to reduce, remit or Compound duties.— (2) of scheme" shall n clauses (aa), (ab) Regulation) Act, 1956: ans the Securities and ction 3 of the Securities (1) The Government may by rule or order published in the Official Gazette ,— (a) reduce or remit, whether prospectively or retrospectively, in the whole or any part of the territories under its ad ministration the duties with which nts, Or any of the instruments be xeculed by or in favo or any particular class of instrume Class, or any instruments when e persons, or by or in favour of any (b) Provide for the com and in the case of issue of transfers where the debentures, bonis or o any instruments longing to such ur of any particular class of members of such class are chargeable, and Position or consolidation of duties of policies of insurance S by any incorporated rompany or other body corporate °{ of re Is a single lransferee, whether incorporated or not] of ther marketable securities. (2) In this section expression "the Government" means— (a) in relation to Stamp duly in respect of bills of Promissory holes, bills of lading, lettors of credit avoir eonentures, Proxies and receipts. and in relation to 96 in List | in he Seventeen ae this + i ee ee nal Government nale 1e Constitution, the Central