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The 1.1% fall was the biggest year-on-year drop since November 2012 and also the first annual decrease since June 2020, early in the coronavirus . In exercise of the powers conferred by Article 213 (1) of the Constitution of India, the Governor of Maharashtra promulgated the Maharashtra Stamp (Amendment and Validation) Ordinance, 2021 (" Ordinance ") on February 09, 2021, which shall come into force with effect from February 09, 2021. 1% of the amount of share contribution subject to maximum of Rs.15,000. as mentioned in sub-section (1) as a proper officer for defacing the challan and making the endorsement on such instruments. The act of payment of stamp duty on a document is known as stamping. ARTICLE 25 - CONVEYANCE DEED, SALE DEED, AGREEMENT FOR SALE, CONVEYANCE (not being a transfer charged or exempted under Article 59) --, On the true market value of the property which is the subject matter of the Conveyance,--, (b) if relating to immovable property situated ,--. PDF PRS Legislative Research It amends section 5, article 6 and article 40 of schedule I of the Maharashtra Stamp Act, 1958, and has been released in addition to the circular issued by the Office of the Inspector . It is an indirect tax collected by the State Government in Maharashtra. E-payment is a mode of payment in addition to the conventional methods of payment offered by the Government of Maharashtra which is popularly known as GRAS(Government Receipt Accounting System). GST regulations, Company secretary standards, Stamp duty, contract act, etc. Indian Stamp Act, 1899 Amendments and Rules made thereunder. 9.7 Deficient portion of stamp duty : amount of maximum penalty increased. (A) for the purpose of non-residential use of any nature whatsoever; Rs. 19. 1 0 obj Press Releases. Instruments which are not covered under the above Act are either chargeable under Indian Stamp Act, 1899 (e.g. The Act is intended to levy stamp duty on certain types of documents executed in the state or brought from outside for 5 lakhs, rate of stamp duty is 0.3% of the secured amount.. Rate of stamp duty has been increased from 0.2% . Regional Development Authority (MMRDA) and Municipalities of Pune, Pimpri-Chinchwad and Nagpur. It cannot be in the name of the Consultants, Solicitors, Chartered Accountant or Lawyer of the parties. STAMPS TO BE USED -- Special Adhesive Stamp with word Notarial (section 11) Rule 19(d). --For the purpose of this article more persons than one when belonging to the same firm shall be deemed to be one person. 21 Dec, 2020, 01.54 PM IST. 9.6 Deficient portion of stamp duty : amount of maximum penalty increased. xiR~d%[Ko"#WR~H#4%9:9 j~eie )vr. // -->