Exception: prior to the notification of the provisions of Chapter IV, Part 1, of the Finance Act, the transfer of securities in demat was not subject to stamp duty. The Finance Act aims to put an end to the flexibilities for such a transfer and has provided for the collection and collection of stamp duty on the transfer of securities in the form of demat or electronics. This amendment aims to put an end to the greatest benefit available for the dematerialization of any security. Stock exchanges, clearing Corporation or Depository (collectively called „agent collecting“) cannot use the stamp duty thus collected for any other purpose and they are transferred to the Land Government concerned with interest. . . .