Assam Stamp (Amendment) Act, 1950

No: 7 Dated: Mar, 30 1950

THE ASSAM STAMP (AMENDMENT) ACT, 1950

ASSAM ACT Vll OF 1950

    An act to amend the Indian Stamp Act, 1899, in its application to Assam

    Preamble.-Wbereas it is expedient to increase temporarily the revenues of Assam and for that purposes to amend the Indian Stamp Act, 1899 (lT of 1899), hereinafter called the principal Act, in its application to Assam, in the manner hereinafter appearing;

    It is hereby enact.:d as follows :-

1. Short title, extent and commencement.- (1) This Act may be called the Assam Stamp (Amendment) Act. 1950.

(2) It extends to the whole of Assam.

(3) It shall come into force on tht! first day of April 1950 and shall remain in force for a period of five years.

2. Amendment of section 3.- Jn section 3 of the principal Act,

(1) after clause (c) the following shall be inserted, namely :-

Provided that, except as otherwise expressly provided in this Act, and notwithstanding anything contained in clauses (a). (b) or (c) of this section the amount indicated in Schedule I to this Act shall. subject to the exemptions contained in that schedule, be the duty chargeable under this Act on the following instruments, mentioned in clauses (aa) and (bb) of this proviso, as the proper duty therefor respectively,-

(aa) every instrument, mentioned in schedule I as chargeable with duty under that schedule, which. not having been previously executed by any person, is executed in Assam on or after the first day of April 1950: and

(bb) every instrument mentioned in Schedule I as chargeable with duty under that schedule, which, not having been previously executed by any person, is executed out of Assam on or after tbe first day of April 1950, and relates to any property situated, or to any matter or thing done or to be done in Assam, and is received in Assam,"

(2) after the word "provided" the word "also" shall be inserted.

3. Amendment of section 4(1).- In sub-section (1) of section 4 of the principal Act-

for the words "one rupee" the words "two rupees" shall be substituted.

4. Amendment of section 6.- In section 6 of the principal Act,-

In the proviso, for the words "one rupee" the words "two rupees" shall be substituted.

5. Amendment of section 28(4).- In the proviso to sub-section (4) of section 28 of the principal Act, for the words "one rupee" the words 'two rupees" shall be substituted.