Punjab act 007 of 2016 : The Indian Stamp (Punjab Second Amendment) Act, 2016.

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PUNJAB GOVT. GAZ. (EXTRA), APRIL 28, 2016 (VYSK 8, 1938 SAKA)

PART I

GOVERNMENT OF PUNJAB

DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB

oe NOTIFICATION

The 28th April, 2016

21 ~~

No. 10-Leg./2016.-The following Act of the Legislature of the State of

Punjab received the assent of the Governor of Punjab on the 25th day of

April, 2016, is hereby published for general information:-

THE INDIAN STAMP (PUNJAB AMENDMENT) ACT, 2016.

(Punjab Act No. 7 of 2016)

AN

ACT

further to amend the Indian Stamp Act, 1899, in its application to

the State of Punjab.

BE it enacted by the Legislature of the State of Punjab in the Sixty-

seventh Year of the Republic of India as follows:-

1. (J) ThisAct may be called the Indian Stamp (Punjab Amendment) Short title and

Act, 2016. a commencement.

(2) It shall come into force at once.

2. In the Indian Stamp Act, 1899, in its application to the State of Amendmentin

Punjab, in Schedule 1-A, under the column, captioned as "Description of an en =

Instrument", in entry 62, at the end of item (¢), for the sign ".", the sign andj g99,

word ": and" shall be substituted and thereafter, the following item shall be

added, namely:-

"() by way of assignment of 0.1% of the amount, subject

debt or securitization of to a maximum of one lakh

ae loans. rupees. ".

VIVEK PURI,

Secretary to Government of Punjab,

Department of Legal and Legislative Affairs.

1001/04-2016/Pb. Govt. Press, S.A.S. Nagar