INDIAN STAMP (MADHYA PRADESH AMENDMENT) ACT, 2015

Act No. 06 of 2016

14th January, 2016

An Act further to amend the Indian Stamp Act, 1899 in its application to the State of Madhya Pradesh. Be it enacted by the Madhya Pradesh legislature in the Sixty-sixth year of the Republic of India as follows:--

S.1 Short title

This Act may be called the Indian Stamp (Madhya Pradesh Amendment) Act, 2015.

S.2 Amendment of Central Act No. II of 1899, in its application to the State of Madhya Pradesh

The Indian Stamp Act, 1899 (No. 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.

S.3 Amendment of Schedule 1-A

In Schedule 1-A to the principal Act,--

• (i) in article 6, after clause (g), the following clauses and entries relating thereto shall be inserted, namely:--

  (ga) If relating to advertisement on Radio, Television, Cinema, Cable network or any media other than newspaper	0.25 percent of the amount of consideration specified in such agreement, subject to a minimum of rupees five hundred and a maximum of rupees twenty five thousand.
  (gb) Work contract, not being a Development/Construction agreement or a Security bond, containing an agreement to secure the due performance of a contract or due discharge of a liability.	0.25 percent of the amount or value secured by such deed, subject to a minimum of rupees five hundred and a maximum of rupees twenty five thousand.

• (ii) for article 19 and entry relating thereto, the following article and entry relating thereto shall be substituted,