373 W www.govtpressmp.nic.in 13 aft 313? the W211 911 m %.
m 419] ' W, 731w, m 2 aima 2017—W 11, {@1939 Wuafitfiufitamfifiw Wirmai‘aaimzmzow a. 178—3aafia—ar—(m.).—W ‘31»— H'Fq'ufi a: 311%}: 348% @113 (3) a: 31W ff, 11m 121m (WWW tiara?!) film, 2017 (W 21111 2017) $1 Whit algal? W €51m 131 W“ Wm m Gum ‘Q.
aéaéawméramfiammw, mm,afirfimufira.
MADHYA PRADESH BILL No. 21 OF 2017 THE INDIAN STAMP (MADHYA PRADESH AMENDMENT) BILL, 2017 A Bill further to amend the Indian Stamp Act, 1899 in its application to the State of Madhya Pradesh.
Be it enacted by the Madhya Pradesh Legislature in the sixty-eighth year of the Republic of India as follows :———
1. (1) This Act may be called the Indian Stamp (Madhya Pradesh Amendment) Act, 2017. Short title and . commencement.
(2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette.
2. The Indian Stamp Act, 1899 (No. II of 1899) (hereinafter referred to as the principal Act) Amendment 01' shall in its application to the State of Madhya Pradesh be amended in the manner hereinafter Central ACE ”{0- provided II of 1899 in its application to the State of Madhya Pradmh.
3. In Schedule l—A to the principal Act,— Amendment of Schedule l-A.
(i) in article 25, in column (2), in proviso, after clause (f), the following clause shall be added, namely :— "(g) when an instrument relates to transfer of development right and/or construction right, obtained from the instrument executed under article 6(d) (i), along with consent of land owner or lessee, as the case may be, the rate of duty shall be one percent of market value of the land related to transfer of such right or consideration, whichever is higher, subject to a minimum of one thousand rupees";
837 373 W www.govtpressmp.nic.in 13 aft 313? the W211 911 m %.
m 419] ' W, 731w, m 2 aima 2017—W 11, {@1939 Wuafitfiufitamfifiw Wirmai‘aaimzmzow a. 178—3aafia—ar—(m.).—W ‘31»— H'Fq'ufi a: 311%}: 348% @113 (3) a: 31W ff, 11m 121m (WWW tiara?!) film, 2017 (W 21111 2017) $1 Whit algal? W €51m 131 W“ Wm m Gum ‘Q.
aéaéawméramfiammw, mm,afirfimufira.
MADHYA PRADESH BILL No. 21 OF 2017 THE INDIAN STAMP (MADHYA PRADESH AMENDMENT) BILL, 2017 A Bill further to amend the Indian Stamp Act, 1899 in its application to the State of Madhya Pradesh.
Be it enacted by the Madhya Pradesh Legislature in the sixty-eighth year of the Republic of India as follows :———
1. (1) This Act may be called the Indian Stamp (Madhya Pradesh Amendment) Act, 2017. Short title and . commencement.
(2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette.
2. The Indian Stamp Act, 1899 (No. II of 1899) (hereinafter referred to as the principal Act) Amendment 01' shall in its application to the State of Madhya Pradesh be amended in the manner hereinafter Central ACE ”{0- provided II of 1899 in its application to the State of Madhya Pradmh.
3. In Schedule l—A to the principal Act,— Amendment of Schedule l-A.
(i) in article 25, in column (2), in proviso, after clause (f), the following clause shall be added, namely :— "(g) when an instrument relates to transfer of development right and/or construction right, obtained from the instrument executed under article 6(d) (i), along with consent of land owner or lessee, as the case may be, the rate of duty shall be one percent of market value of the land related to transfer of such right or consideration, whichever is higher, subject to a minimum of one thousand rupees";
837 373 W www.govtpressmp.nic.in 13 aft 313? the W211 911 m %.
m 419] ' W, 731w, m 2 aima 2017—W 11, {@1939 Wuafitfiufitamfifiw Wirmai‘aaimzmzow a. 178—3aafia—ar—(m.).—W ‘31»— H'Fq'ufi a: 311%}: 348% @113 (3) a: 31W ff, 11m 121m (WWW tiara?!) film, 2017 (W 21111 2017) $1 Whit algal? W €51m 131 W“ Wm m Gum ‘Q.
aéaéawméramfiammw, mm,afirfimufira.
MADHYA PRADESH BILL No. 21 OF 2017 THE INDIAN STAMP (MADHYA PRADESH AMENDMENT) BILL, 2017 A Bill further to amend the Indian Stamp Act, 1899 in its application to the State of Madhya Pradesh.
Be it enacted by the Madhya Pradesh Legislature in the sixty-eighth year of the Republic of India as follows :———
1. (1) This Act may be called the Indian Stamp (Madhya Pradesh Amendment) Act, 2017. Short title and . commencement.
(2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette.
2. The Indian Stamp Act, 1899 (No. II of 1899) (hereinafter referred to as the principal Act) Amendment 01' shall in its application to the State of Madhya Pradesh be amended in the manner hereinafter Central ACE ”{0- provided II of 1899 in its application to the State of Madhya Pradmh.
3. In Schedule l—A to the principal Act,— Amendment of Schedule l-A.
(i) in article 25, in column (2), in proviso, after clause (f), the following clause shall be added, namely :— "(g) when an instrument relates to transfer of development right and/or construction right, obtained from the instrument executed under article 6(d) (i), along with consent of land owner or lessee, as the case may be, the rate of duty shall be one percent of market value of the land related to transfer of such right or consideration, whichever is higher, subject to a minimum of one thousand rupees";
837 838 mm W, W 2 m 2017
(ii) in article 62, in column (2), the following explanation shall be added, namely :— "Explanation—In case of assignment of a mining lease, the duty shall be equal to the amount or value calculated under article 38(b) depending upon the remaining.
period of the lease".
STATEMENT OF OBJECTS AND REASONS Certain amendments are proposed in Schedule l-A to the Indian Stamp Act, 1899 (No. II of 1899) in its application to the State of Madhya Pradesh due to following reasons :— ‘ (i)
(ii) currently there is no specific provision of levy of stamp duty for transfer of development/ construction right in Schedule 1A, therefore suitable amendment is proposed in article 25, which will stimulate developmental activitiein real estate sector and concerned parties would have an opportunity for legally documenting such transactions.
currently there is no specific provision of calculation of stamp duty reasonably for transfer of mining lease, therefore suitable amendment is proposed in article 62.
2. Hence this Bill.
Bhopal :
Dated the 215‘ July, 2017 JAYANT MALAIYA Member-in-Charge.
W,Wwamfiaawm,nwmmwwfiafiaw, WfififiHHmmfim—zov.
838 mm W, W 2 m 2017
(ii) in article 62, in column (2), the following explanation shall be added, namely :— "Explanation—In case of assignment of a mining lease, the duty shall be equal to the amount or value calculated under article 38(b) depending upon the remaining.
period of the lease".
STATEMENT OF OBJECTS AND REASONS Certain amendments are proposed in Schedule l-A to the Indian Stamp Act, 1899 (No. II of 1899) in its application to the State of Madhya Pradesh due to following reasons :— ‘ (i)
(ii) currently there is no specific provision of levy of stamp duty for transfer of development/ construction right in Schedule 1A, therefore suitable amendment is proposed in article 25, which will stimulate developmental activitiein real estate sector and concerned parties would have an opportunity for legally documenting such transactions.
currently there is no specific provision of calculation of stamp duty reasonably for transfer of mining lease, therefore suitable amendment is proposed in article 62.
2. Hence this Bill.
Bhopal :
Dated the 215‘ July, 2017 JAYANT MALAIYA Member-in-Charge.
W,Wwamfiaawm,nwmmwwfiafiaw, WfififiHHmmfim—zov.
838 mm W, W 2 m 2017
(ii) in article 62, in column (2), the following explanation shall be added, namely :— "Explanation—In case of assignment of a mining lease, the duty shall be equal to the amount or value calculated under article 38(b) depending upon the remaining.
period of the lease".
STATEMENT OF OBJECTS AND REASONS Certain amendments are proposed in Schedule l-A to the Indian Stamp Act, 1899 (No. II of 1899) in its application to the State of Madhya Pradesh due to following reasons :— ‘ (i)
(ii) currently there is no specific provision of levy of stamp duty for transfer of development/ construction right in Schedule 1A, therefore suitable amendment is proposed in article 25, which will stimulate developmental activitiein real estate sector and concerned parties would have an opportunity for legally documenting such transactions.
currently there is no specific provision of calculation of stamp duty reasonably for transfer of mining lease, therefore suitable amendment is proposed in article 62.
2. Hence this Bill.
Bhopal :
Dated the 215‘ July, 2017 JAYANT MALAIYA Member-in-Charge.
W,Wwamfiaawm,nwmmwwfiafiaw, WfififiHHmmfim—zov.