THE BOMBAY STAMP ACT, 1958 - Igrmaharashtra.gov.in
THE BOMBAY STAMP ACT, 1958 - Igrmaharashtra.gov.in
THE BOMBAY STAMP ACT, 1958 - Igrmaharashtra.gov.in
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(3B) Every <strong>in</strong>strument so endorsed shall thereupon be delivered, on an application <strong>in</strong> thisbehalf, to the person from whose possession the <strong>in</strong>strument came <strong>in</strong> the possession ofsuch Court, or as such person may direct, to any other person authorised by him.](4) The Collector may thereupon, notwithstand<strong>in</strong>g anyth<strong>in</strong>g conta<strong>in</strong>ed <strong>in</strong> the orderadmitt<strong>in</strong>g such <strong>in</strong>strument <strong>in</strong> evidence:, or <strong>in</strong> any certificate granted under section 41, or<strong>in</strong> section 42, prosecute any person for any offence aga<strong>in</strong>st the stamp law which theCollector considers him to have committed <strong>in</strong> respect of such <strong>in</strong>strument:Provided that -(a) no such prosecution shall be <strong>in</strong>stitute where the amount <strong>in</strong>clud<strong>in</strong>g duty and penalty,which, accord<strong>in</strong>g to the determ<strong>in</strong>ation of such Court, was payable <strong>in</strong> respect of the<strong>in</strong>strument under section 34, Iris paid to the Court or the Collector, unless the Collectorth<strong>in</strong>ks] that the offence was committed with an <strong>in</strong>tention of evad<strong>in</strong>g payment of theproper duty;(b) except for the purposes of such prosecution no declaration made under this sectionshall affect the validity of any order admitt<strong>in</strong>g any <strong>in</strong>strument <strong>in</strong> evidence or of anycertificate granted under section 41.CHAPTER VIIOFFENCES AND PROCEDURE59. Penalty for execut<strong>in</strong>g etc. <strong>in</strong>strument not duly stamped.(1) 2 [Any person who, with the <strong>in</strong>tention to evade the duty, executes or signs] otherwisethan as a witness any <strong>in</strong>strument chargeable with duty without the same be<strong>in</strong>g dulystamped shall, on conviction, for every such offence 3 [be punished with rigorousimprisonment for a term which shall not be less than one month but which may extend tosix months and with f<strong>in</strong>e which may extend to five thousand rupees]:Provided that, when any penalty has been paid <strong>in</strong> respect of any <strong>in</strong>strument under section34, section 39 or section 58, the amount of such penalty shall be allowed <strong>in</strong> reduction ofthe f<strong>in</strong>e (if any) subsequently imposed under this section <strong>in</strong> respect of the same<strong>in</strong>strument upon the person who paid such penalty.(2) If a share warrant is issued without be<strong>in</strong>g duly stamped, the company issu<strong>in</strong>g thesame, and also every person who, at the time when it is issued, is the manag<strong>in</strong>g directoror secretary or other pr<strong>in</strong>cipal officer of the company, shall, on conviction, be punishedwith f<strong>in</strong>e which may extend to five hundred rupees.___________________________1. These words were substituted for the words "is paid to the Collector, unless, he th<strong>in</strong>ks"by Mah. 27 of 1985, .s. 39 (c), (w.e.f. 10-12-1985)2. These words were substituted for the words" Any person execut<strong>in</strong>g or sign<strong>in</strong>g" byMah. 27 of 1985, s. 40, (w.e.f. 10.12.1985).3. These words were :;ubstituted for the words "be punished with f<strong>in</strong>e which may extendto five hundreti rupees" by Mah. 18 of 1989, s.9, (w.e.f. 1-12-1989).