2020-10-01-Ex-367

fafa ak fast ard fast wae, feat 1 AAA 2020 Be. 11514-207-3ah8-A(T1.).— eaves faa ar a frafatad afer fora wt feats 27 faara, 2020 al awa Han, atakad ahaa, “BRU ‘RUA 1 & ‘pIESH It $473 ‘h (nook LR 7% sleds) hood ‘kkbjhjie rik 2isb bh Db be piblbish Wekkak °t iny bbbyglte "2 otod ‘bhbikiie Bb) labthak bik DRIP I bbbikie BE (3) 8 aye bib DRE okoe BA Be dolieds bbbitgyie 1aptibesk Hee Us, feta 1 SACI 2020 734 (1) (2) aye 3c A, as (CG) & A , Pfaied ave eit fea we, Haig -— sa afafas & aeart syd & aia at ae Gast ret. Woe, feria 1 AAI 2020 aga Ban, sfated afaa. MADHYA PRADESH ACT No. 21 oF 2020 THE MADHYA PRADESH FINANCE ACT, 2020 Received the assent of the Governor on the 27th September. 2020: assent first published in the “Madhya Pradesh Gazette (Extra-ordinary)‘', dated the Ist October, 2020. An Act further to amend the Madhya Rajkoshiya Uttardayitva Avam Budget Prabandhan Adhiniyam, 2005 and the Indian Stamp Act, 1899. Be it enacted by the Madhya Pradesh Legislature in the seventy first year of the Republic of India as follows:— 1. (1) This Act may be called the Madhya Pradesh Finance Act, 2020. Short title and commenceinent. (2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette. 2. In the Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhan Adhiniyam, Amendment of 2005 (No. 18 of 2005), in Section 9, after sub-section (3), the following new sub-sections shal] Seton 9. be added, namely:— (4) Notwithstanding any limit or target contained in sub-section (2), the State Government may receive an additional loan of Rupees 4,443.00 crore during the financial year ending 31st March 2020, which shall not be reckoned against any limit or target contained in sub-section (2). (5) Notwithstanding any limit or target contained in sub-section (2), the State Government may receive an additional loan as determined by the Central Government for the financial year ending 31st March, 2021, which shall not be reckoned against any limit or target contained in sub-section (2).”. 3. The Indian Stampt Act, 1899 (No. II of 1899) (hereinafter referred to as the principal Amendment of Act) shall in its application to the State of Madhya Pradesh be amended in the manner hereinafter era alee provided. application to the State of Madhya Pradesh. Amendment of 4. In Schedule 1-A to the principal Act,— Schedule 1-A. (1) in Article 6, for clause (gb), the following clause shall be substituted, namely:— “(gb) Work contract, not being a development or construction agreement or a Security Bond, containing an agreement to secure the due performance of a contract or due discharge of a liability— (i) If contract value is upto fifty lakh rupees five hundered rupees (ii) If Contarct value exceeds fify lakh rupees 0.1 percent of contract value subject to a maximum of five lakh rupees.”’. (2) in Article 38, for clause (b), the following clause shall be substituted, namely:— “(b) Mining Lease, of any term including an under-lease or sub-lease and any agreement to let or sub-let or any renewal of lease— (i) In case of major mineral 2% fot the whole amount payable or deliverable under such lease. (ii) in case of minor mineral. 1.25% for the whole amount payable or deliverable under such lease.”’. Repeal and 5. (1) The Madhya Pradesh Finance Ordinance, 2020 (No. | of 2020) is hereby repealed. saving. (2) Notwithstanding the repeal of the said Ordinance, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provision of this Act.