Odisha Stamp Duty Exemption for Transferred Units
By Industries Department, Government of Odisha
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Quick Answer
Provides 100% exemption on stamp duty for conveyance instruments when industrial units are transferred to new ownership under specific legal provisions in Odisha.
About this subsidy
The Government of Odisha, under its Industrial Policy Resolution 2022, offers a crucial incentive in the form of stamp duty exemption on conveyance instruments for transferred industrial units. This policy aims to facilitate the smooth transfer of ownership and management for businesses that are undergoing restructuring or resolution processes under the State Financial Corporation (SFC) Act, 1951, the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002, and the Insolvency and Bankruptcy Code (IBC) 2016. By waiving stamp duty, the state government significantly reduces the financial burden associated with these transfers, thereby encouraging investment in distressed assets and promoting the revival and continued operation of industrial units. This incentive is particularly beneficial for potential new owners or management entities seeking to acquire and revitalize units that are in financial distress, ensuring a more seamless transition and encouraging economic stability within the state's industrial sector. It reflects the government's commitment to supporting business continuity and growth, even in challenging circumstances.
This exemption forms a vital part of Odisha's broader industrial strategy, designed to create a more investor-friendly environment. It addresses a specific pain point for businesses and investors involved in asset reconstruction and financial recovery, making it an attractive proposition for those looking to acquire and operate industrial assets within Odisha. The policy's inclusion of provisions from key national financial recovery frameworks like SARFAESI and IBC 2016 ensures its relevance and applicability across a wide spectrum of corporate restructuring scenarios. Ultimately, the stamp duty exemption contributes to a healthier and more resilient industrial ecosystem in Odisha by reducing transaction costs and streamlining legal processes for ownership transfers.
Eligibility
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Subsidy providers
The Industries Department of the Government of Odisha is the state department responsible for the all-round industrial development of Odisha. Its own description is that this generates employment, attracts investment and supports the state's economy. It works from Kharavel…
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What You Get
This program offers a 100% exemption on Stamp Duty for conveyance instruments, effectively eliminating this significant transaction cost for industrial units undergoing transfer of ownership or management. The benefit is critical for businesses being restructured under the SFC Act, SARFAESI Act, or IBC 2016, as it reduces the financial burden on the new owners or management. This exemption acts as a direct financial saving, improving the viability of acquiring and reviving distressed industrial assets. Beyond the monetary saving, it also provides crucial regulatory support, streamlining the legal and administrative processes involved in such transfers, making it easier for new entities to step in and ensure business continuity and job preservation.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary benefit of this program?
The primary benefit is a complete (100%) exemption from stamp duty on conveyance instruments for eligible industrial units. This significantly reduces the cost associated with transferring ownership or management.
Which types of units are eligible for this exemption?
Units that are required to be transferred to a new owner or management under specific legal provisions are eligible. These include transfers under the State Financial Corporation (SFC) Act, 1951, the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002, and the Insolvency and Bankruptcy Code (IBC) 2016.
Is this exemption applicable across all of India?
No, this exemption is part of the Industrial Policy Resolution 2022 of Odisha and is specifically applicable within the state of Odisha.
What is a 'conveyance instrument' in this context?
A conveyance instrument refers to any legal document that transfers the title, ownership, or interest of an industrial unit from one party to another. The exemption applies to the stamp duty levied on such documents.
How does this policy support business and economic growth?
By exempting stamp duty, the policy reduces transaction costs for acquiring distressed industrial assets, thereby encouraging new investment, facilitating the revival of financially stressed units, and promoting business continuity and job creation within Odisha.
Are there any specific deadlines to claim this exemption?
The policy is part of an ongoing resolution, implying that the exemption is available for eligible transactions as long as the policy is active. There is no specific application deadline for the exemption itself, rather it is claimed as part of the legal transfer process.
Sources
Data on this page is compiled from official program and provider references.
