PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023 4505
(ASVN 27, 1945 SAKA)
EXTRAORDINARY
Published by Authority
CHANDIGARH, THURSDAY, OCTOBER 19, 2023
(ASVINA 27, 1945 SAKA)
PUNJAB VIDHAN SABHA SECRETARIAT
NOTIFICATION
The 19th October, 2023
No. 16-PLA-2023/55.- The Registration (Punjab Amendment) Bill, 2023
is hereby published for general information under the proviso to rule 121 of
the Rules of Procedure and Conduct of Business in the Punjab Vidhan Sabha
(Punjab Legislative Assembly):-
Bill No.16-PLA-2023
THE REGISTRATION (PUNJAB AMENDMENT) BILL, 2023
A
BILL
further to amend the Registration Act, 1908, in its application to the State
of Punjab.
Be it enacted by the Legislature of the State of Punjab in the Seventy-
fourth Year of the Republic of India, as follows:-
1. (1) This Act may be called the Registration (Punjab Amendment)
Act, 2023.
Short title and commence- ment.
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4506 PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023
(ASVN 27, 1945 SAKA)
(2) It shall come into force on and with effect from the date of its
publication in the official Gazette.
2. In the Registration Act, 1908, in its application to the State of Punjab, in
section 17,-
Amendment in section 17 of Central Act 16 of 1908.
(i) in sub-section (1), after clause (e), the following clause shall be
added, namely:-
"(f) any certificate of sale granted to the purchaser of any property
sold by public auction by a Civil or Revenue Officer or Civil
Court or any authority, under law.";
(ii) after sub-section (1A), the following sub-section shall be inserted,
namely:-
"(1B) Notwithstanding anything contained in section 59 of the
Transfer of Property Act, 1882 (4 of 1882), any instrument or
agreement relating to the deposit of title deeds (Equitable
Mortgage), where such deposit has been made by way of
security for the repayment of a loan or an existing or future
debts, shall be registered."; and
(iii) in sub-section (2), clause (xii) shall be omitted.
PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023 4507
(ASVN 27, 1945 SAKA)
STATEMENT OF OBJECTS AND REASONS
The Registration Act, 1908 (the act) was enacted with a view to
make a provision for levy and collection of Registration Fees for the State
Governments. The Act provides for certain provisions for smooth levy and
collection of Registration Fees. In order to remove ambiguities in regard to
impose and collection of registration fees, it is proposed to insert Mortgage by
way deposit of Title Deeds, Sale Certificate and Deleting sub-section 2(xii) of
section 17 to facilitate the general public amendment is being carried out for
better implementation. In order to implement the said changes, it is proposed
to amend the The Registration Act, 1908.
BRAM SHANKER SHARMA (JIMPA),
Minister for Revenue, Rehabilitation &
Disaster Management, Punjab.
____________
CHANDIGARH: RAM LOK KHATANA,
THE 19TH OCTOBER, 2023 SECRETARY.