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Sebi directs alternative investment funds to collect stamp duty

AIFs have to collect stamp duty through a registrar and transfer agent

Topics
Alternative Investment Funds | Sebi

BS Reporter 

sebi

on Tuesday directed (AIFs) to follow new provisions with regards to collection of stamp duty on sale, transfer and issue of units from July 1. AIFs have to collect stamp duty through a registrar and transfer agent (RTA). has asked all AIFs to appoint an RTA before July 15. "...till such time RTAs are appointed... AIFs shall keep the applicable stamp duty on issue, transfer and sale of units of AIFs in a designated bank account,” it said.

First Published: Wed, July 01 2020. 02:42 IST
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