Insertion of Section 56-A and 56-B

-1 16. After Section 56 of the Principal Act the following sections shall be inserted, namely :, “56-A. Notwithstanding anything contained in the Registration Act, 1908 (No. 16 of 1908) or any other law for the time being in force, no instrument executed between any owner of the land and the Town and Country Development Authority for giving effect to the agreement mentioned in Section 56 shall be liable to pay any fee under that Act.”

56-B. Notwithstanding anything contained in the Indian Stamp Act, 1899 (No. 2 of 1899), no instrument executed between any owner of land and the Town and Country Development Authority for giving effect to the agreement mentioned in Section 56 shall be chargeable with duty under that Act.”."