The Indian Stamp (Madhya Pradesh Amendment) Act, 1958

Tax195821 sections

This legislation amends the Indian Stamp Act, 1899, specifically as it applies to the State of Madhya Pradesh. Its primary function is to standardize the monetary value of stamps and electronic instruments by replacing the older currency denomination of "one rupee and eight annas" with "one rupee and fifty naye paise" in four specific sections of the parent Act. By updating these small amounts, the State ensures that legal processes like registering documents or drafting legal papers remain accessible and accurate, reflecting the current currency structure without changing the legal weight of those documents.

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1. Short title and commencement
2. Amendment of Central Act
3. Continuance of stamps of old denominations
4. Substitution of Schedule
5. Two thousand rupees.
6. Fifty rupees.
7. Five hundred rupees.
10. Apprenticeship deed, including every writing relating to the service or tuition of any apprentice, clerk or servant, placed with any master to learn any profession, trade or employment.
11. Articles of a Company -
12. Award, that is to say, any decision in writing by an arbitrator or umpire, on a reference made otherwise than by an order of the Court in the course of a suit, being an award
39. Letter of allotment of Shares, in any company or proposed company or in respect of any loan to be raised by any company or proposed company.
40. Letter of Guarantee.
41. Letter of licence, that is to say, any agreement between a debtor and his creditors that the latter shall for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.
42. Memorandum of a company-
43. The same duty as is chargeable on Articles under Article 11, according to the share capital of the company.
44. Five hundred rupees.
45. Ten rupees.
46. Fifty rupees.
47. Note of Protest, by the master of a ship.
48. Partition- Instrument of -
49. Partnership-

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