Government Order No. 3802/2018/RASD of the Registration and Stamps Department, Government of Maharashtra dated 20th October, 2018 on the transfer of securities [N14-7H5]

No. 3802/2018/RASD

GOVERNMENT OF MAHARASHTRA

Registration and Stamps Department, Government of Maharashtra

Mumbai, dated the 20th October, 2018

GOVERNMENT ORDER

Subject: The transfer of securities by stock exchanges under the Maharashtra Stamp Act, 1958, regarding.

1. In the circumstances reported by the Collector, the Government of Maharashtra, after careful examination, hereby orders that every stock exchange carrying on the transfer of securities shall furnish Form C to the State Government within three months.

2. The matter has been examined. Every stock exchange carrying on the transfer of securities shall make an application in Form C to the State Government within three months, accompanied by a fee of five rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the transfer of securities is undertaken, and the State Government shall dispose of it within three months of its receipt.

4. Difficulties, if any, in the implementation of this government order may be brought to the notice of the Registration and Stamps Department, Government of Maharashtra.

(Secretary to Government)