Chapter II AMENDMENTS TO THE MAHARASHTRA STAMP ACT

In section 39 of the Maharashtra Stamp Act (hereinafter, in this Chapter, referred to as “the Stamp Act”), in sub-section (1),— (1) for the word and figures “section 33”, the word, figures and letter “section 33 or 33A” shall be substituted; (2) the words “not being an instrument chargeable with a duty of twenty naye paise, or less,” shall be deleted; (3) in clause (b), for the words and figure “of an amount equal to 2 per cent.”, the words and figures “in case of registered instrument an amount equal to 1 per cent. and in other cases an amount equal to 2 per cent.” shall be substituted.

In section 48 of the Stamp Act,- (1) in sub-section (1),— (a) for the words “six months”, the words “one year” shall be substituted; (b) in the proviso, for the words “six months”, the words “one year” shall be substituted; (2) in sub-section (2), for the words “six months”, the words “one year” shall be substituted; (3) in sub-section (3), for the words “six months”, the words “one year” shall be substituted.

In section 50 of the Stamp Act, in sub-section (2), for the words “six months”, at both the places where they occur, the words “one year” shall be substituted.