Taxapps.in

108F. NOTHING IN SECTIONS 108A TO 108D TO APPLY TO GOVERNMENT COMPANIES, ETC

Nothing contained in section 108A [except sub-section (2) thereof] shall apply to the transfer of any share to, and nothing in section 108B or section 108C or section 108D shall apply to the transfer of any share by -

(a) any company in which not less than fifty-one per cent of the share capital is held by the Central Government ;

(b) any corporation (not being a company) established by or under any Central Act ;