The Bombay Stamp (Gujarat Amendment) Act, 1963

1. (I) This Act may be called the Bombay Stamp (Gujarat Amendment) Act, 1963.

In Schedule I to the Bombay Stamp Act, 1958,-

1. (I) in article 8,

1. (a) in entry
2. (c) (i), in the second column for the words, letters and figures beginning with the words "Twenty naye paise" and ending with the words "as the case may be" the following shall be substituted, namely:- "(I) In the case of forward contracts relating to the purchase or sale of securities thirty five naye paise for every Rs. 5,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be,

1. (2) In any other case, twenty naye paise for every Rs. 2,500 or part there- of the value of the security at the time of its purchase or sale, as the case may be.":
   • (ii) in entry (d), in the first column, for the words "sale of cotton" the words and brackets "sale of cotton including cotton pods or kapas (unginned cotton)", shall be substituted;
2. (2) in article 43,
   • (i) in entry (a), in the first column, for the word "cotton" the words and brackets "cotton including cotton pods or kapas (unginned cotton)" shall be substituted;
   • (ii) in entry (d), in the second column, for the words, letters and figures beginning with the words "twenty naye paise" and ending with the words "as the case may be" the following shall be substituted, namely:- "(I) In the case of forward contracts relating to the purchase or sale of securities thirty five naye paise for every Rs. 5,000 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.
3. (2) In any other case, twenty naye paise for every Rs. 2,500 or part there- of of the value of the security at the time of its purchase or sale, as the case may be.".

In the principal Act, section 3A shall be deleted.

In the principal Act, in section 4, in sub-section (1), for the words "five rupees" the words "ten rupees" shall be substituted.

In the principal Act, in section 8, in sub-section (I), for the words "one and half per centum" the words "two per centum" shall be substituted.

In the principal Act, 11A shall be deleted.

In the principal Act, section 11 shall be deleted.

In the principal Act, in section 17 the proviso shall be deleted.

In the principal Act, in section 25, in the proviso, for the word, letters and figures "Article No. 16" the word and figures "Article 18" shall be substituted.

In the principal Act, in section 30, in clause

1. (a) for the figures "13, 14, 28, 33, 35, 40, 52, 53, 54, 55, 58 and 59" the figures "15, 16, 30, 35, 37, 45, 58, 59, 60, 61, 65 and 66" shall respectively be substituted.

"Amendment of section 29 of Bom. LX of 1958" 9.

Amendment of section 30 of Bom. LX of 1958 "Amendment of section 30 of Bom. LX of 1958" 10. In the principal Act, in section 30, in clause

1. (a) for the figures "13, 14, 28, 33, 35, 40, 52, 53, 54, 55, 58 and 59" the figures "15, 16, 30, 35, 37, 45, 58, 59, 60, 61, 65 and 65" shall respectively be substituted.

1. (1) Subsection
2. (1) of section 31 of the Bombay Stamp Act, 1958, shall be renumbered as sub-section
3. (1) of that section and in sub-section
4. (1) as so renumbered, for the words "not exceeding five rupees and not less than fifty naye paise" the words "not exceeding twenty five rupees and not less than five rupees" shall be substituted.

After section 52A of the Bombay Stamp Act, 1958, the following section shall be inserted, namely:- "52B. Notwithstanding anything contained in section 52, when any person is possessed of stamps bearing the inscription "refugee relief' (being stamps issued in pursuance of section 3A as inserted by the Bombay Stamp (Gujarat Amendment) Act, 1971, before it ceased to have effect) and such stamps have not been spoiled, the Collector shall, upon such person delivering up within six months from the commencement of the Bombay Stamp (Gujarat Amendment) Act, 1976 such stamps to the Collector, refund to such person the value of such stamps in money.".

In the principal Act, in section 33, in sub-section (I), for the words "Every person" the words, brackets and letter "Subject to the provisions of section 32A, every person" shall be substituted.

In the principal Act, in section 34, after the words "No instrument chargeable with duty" the brackets, words, figures and letter "(not being an instrument referred to in sub-section

1. (I) of section 32-A)," shall be inserted.

Amendment of section 41 of Bom. LX of 1958. 17. In the principal Act, in section 41, in sub-section (1), after the words "any instrument" the brackets, words, figures and letter "](not being an instrument referred to in sub-section

1. (1) of section 32A)," shall be inserted.

Amendment of section 53 of Bom. LX of 1958. 18.

Substitution of Schedule I of Born. LX of 1958 In the principal Act, for Schedule I, the following Schedule shall be substituted, namely :-

(See section 3.) (a) where the company has no capital or the nominal share capital does not exceed Two hundred Rs. 1,00,000 . . . . . . rupees. (b) where the nominal share capital exceeds Rs. 1,00,000 but does not exceed Rs. 5,00,000 One thousand rupees. (c) where the nominal share capital exceeds Rs. 5,00,000 but does not exceed Rs. 1,00,00,000. (i) on the first Rs. 5,00,000 .. . . One thousand rupees. (ii) on the next Rs. 10,00,000 or part thereof . . . . Two thousand rupees. (iii) on the next Rs. 15,00,000 or part thereof Three thousand rupees. (iv) on the next Rs. 20,00,000 or part thereof Four thousand rupees. (v) on the next Rs. 50,00,000 or part thereof Five thousand rupees. (d) where the nominal share capital exceeds Rs. 1,00,00,000 Twenty thousand rupees. Articles of association of any company not formed for profit and registered under section 25 of the Companies Act, 1956. See also Memorandum of Association of a Company (No. 39).