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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Apr 29, 2024

Maharashtra Stamp Duty Amnesty Scheme – 2023

On December 7, 2023, Government of Maharashtra had introduced the Maharashtra Stamp Duty Amnesty Scheme – 2023 which, read with the explanatory note and guidelines dated December 11, 2023, and the corrigendum dated December 13, 2023 (the ‘Scheme’), provides for a reduction or remission of the stamp duty or penalty chargeable under the Maharashtra Stamp Act, 1958 on the instruments specified in the annexure (including conveyance or agreement to sale, lease or sale certificate etc.) appended to December 7, 2023, Order. Such Scheme was initially implemented in two phases viz. first phase from December 1, 2023, till January 31, 2024, and the second phase from February 1, 2024, till March 31, 2024, where the rate to regularize the stamp duty for second phase was slightly higher than the first phase. Subsequently, by way of Order dated February 2, 2024, the first phase was extended till February 29, 2024. Now by way of another Order dated March 15, 2024, the second phase, which was applicable for the period from March 01, 2024, till March 31, 2024, has been extended till June 30, 2024. Our previous write-up on ‘Note on Stamp Duty Scheme – 2023’ can be accessed here.

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DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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