THE MAHARASHTRA STAMP ACT.

CHAPTER I

PRELIMINARY

1. Short title, extent and commencement.
2. Definitions.

CHAPTER II

STAMPDUTIES
(A) Of the Liability of Instruments to Duty
3. Instruments chargeable with duty.
4. Several instruments used in single transaction of development agreement, sale, lease,
mortgage or settlement.
5. Instruments relating to several distinct matters.
6. Instruments coming within several descriptions in Schedule-I.
7. Payment of higher duty in respect of certain instruments.
8. Bonds or securities other than debentures issued on loans under Act IX of 1914 orother
law.
9. Power to reduce, remit or compound duties.
(B) Of Stamps and mode of using them
10. Duties how to be paid.
10A. Duties to be paid in cash, by demand draft or by pay order by Government Controlled
bodies, Insurance Companies and Banks.
10B Stock exchange, etc., to deduct stamp duty from trading member’s account.
10C. Duties to be paid in cash, or by demand draft or by pay order by notary.
10D. Certain Departments, Organisations, Institutions, etc., to ensure payment of stamp
duty.
11. Use of adhesive stamps.
12. Cancellation of adhesive stamps.
13. Instruments stamped with impressed stamps how to be written.
14. Only one instrument to be on same stamp.
14A. Alterations in instruments how to be charged.
15. Instruments written contrary to section 13, 14 or 14A deemed not duly stamped.
16. Denoting duty.
(C) Of the time of stamping Instruments
17. Instruments executed in State.
18. Instruments executed out of State.
19. Payment of duty on certain instruments or copies thereof liable to be increased duty
in Maharashtra State.
(D) Of Valuations for Duty
20. Conversion of amount expressed in foreign currencies.
21. Stock and marketable securities how to be valued.
22. Effect of statement of rate of exchange or average price.
23. Instruments reserving interest.
24. Certain instruments connected with mortgage of marketable securities to be chargeable
as agreement.
25. How transfers in consideration of debt or subject to future payments, etc., to be charged.
26. Valuation in case of annuity, etc.
27. Stamp where value of subject matter is indeterminate.
28. Facts affecting duty to be set forth in instrument.
29. Direction as to duty in case of certain conveyances.
(E) Duty by whom payable
30. Duties by whom payable.
30A Duties payable by financial institution.

CHAPTER III

ADJUDICATION AS TO STAMPS
31. Adjudication as to proper stamps.
32. Certificate by Collector.
32A Instrument of conveyance, etc. undervalued how to be dealt with.
32B. Appeal.
32C. Revision.

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