The Madhya Pradesh Finance Act, 2020
The Madhya Pradesh Finance Act, 2020
This Act serves as the parent legislation modifying how finances and stamps are managed in Madhya Pradesh by amending existing laws. It changes the title and the date it becomes effective, ensuring the statute is officially recognized. It directly intervenes in the financial planning process by amending the State Funds Utilization and Budget Management Act, 2005 specifically to alter Section 9 (likely regarding budget execution or verification powers). Simultaneously, it directs the government to update the application of the Indian Stamp Act, 1899 within the state by amending Schedule 1-A, ensuring stamp duty roles comply with current needs. For an ordinary citizen, this matters because it clarifies exactly when these financial rules—and costs like stamp duty—begin to apply in legal documents and government operations.
- 1. Short title and commencement
- 2. Amendment of section 9
- 3. Amendment of Central Act No. II of 1899 in its application to the State of Madhya Pradesh
- 4. II of 1899) (hereinafter referred to as the principal Act) shall in its application to the State of Madhya Pradesh be amended in the manner hereinafter provided.
- 5. Repeal and saving
PDF: pending for this language.