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Section114
The Finance Act, 2005

Insertion of new section 8B in Act 2 of 1899

In force Act 18 of 2005 As on 06 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005

Section 114 of the Finance Act, 2005 deals with insertion of new section 8B in Act 2 of 1899. Insertion of new section 8B in Act 2 of 1899. The Act was enacted on 13 May 2005.

Insertion of new section 8B in Act 2 of 1899.

114. After section 8A of the Indian Stamp Act, 1899, the following section shall be inserted, namely :—

‘8B. Corporatisation and demutualisation schemes and related instru-ments not liable to duty.—Notwithstanding anything contained in this Act or any other law for the time being in force,—

(a ) a scheme for corporatisation or demutualisation, or both of a recognised stock exchange; or

(b ) any instrument, including an instrument of, or relating to, transfer of any property, business, asset whether movable or immovable, contract, right, liability and obligation, for the purpose of, or in connection with, the corporatisation or demutualisation, or both of a recognised stock exchange pursuant to a scheme,

as approved by the Securities and Exchange Board of India under sub-section (2) of section 4B of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), shall not be liable to duty under this Act or any other law for the time being in force.

Explanation.—For the purposes of this section,—

(a ) the expressions "corporatisation", "demutualisation" and "scheme" shall have the meanings respectively assigned to them in clauses (aa) , (ab) and (ga) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);

(b ) "Securities and Exchange Board of India" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992).’.

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Section 114, The Finance Act, 2005 (Act 18 of 2005).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Securities and Exchange Board of India Act s. 3 Establishment and incorporation of Board

Questions about Section 114

What does Section 114 of the Finance Act deal with?

Section 114 of the Finance Act is headed "Insertion of new section 8B in Act 2 of 1899". Insertion of new section 8B in Act 2 of 1899.

How do I find court cases under Section 114 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2005 114, section 114 Finance Act 2005, section 114 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 114 of the Finance Act, and has it changed?

Its own text turns on Securities and Exchange Board of India Act 3 (Establishment and incorporation of Board), so none of them can safely be read on its own.

When was Section 114 of the Finance Act enacted?

Section 114 of the Finance Act, cited as Finance Act 2005 114, was enacted on 13 May 2005 as Act 18 of 2005. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.