The Governor of Maharashtra promulgated the Maharashtra Stamp (Amendment and Validation) Ordinance, 2021 on February 09, 2021.
Section 5 of the Act has been substituted and shall be deemed to have been substituted with effect from the August 11, 2015, with the following:
“Any instrument comprising or relating to several distinct matters or transactions shall be chargeable with the aggregate amount of the duties with which separate instruments, each comprising or relating to one of such matters or transactions, would be chargeable under this Act.”
The provision initially applied only to instrument comprising of several distinct matters and the ordinance has extended the same to instrument comprising of several distinct transactions. The amendment is based on the judgement of Bombay HC in the case of Navi Mumbai SEZ Private Limited v. The State of Maharashtra which held that the phrase, ‘distinct matters’ is equivalent to the phrase ‘distinct transactions’.
Click here to read the principal act:
