PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023

(ASVN 27, 1945 SAKA)

4505

( 4505 )

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.

EXTRAORDINARY

Published by Authority

CHANDIGARH, THURSDAY, OCTOBER 19, 2023

(ASVINA 27, 1945 SAKA)

Short title

and

commence-

ment.

PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023

(ASVN 27, 1945 SAKA)

4506

(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,-

(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.

Amendment in

section 17 of

Central Act 16

of 1908.

PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 19, 2023

(ASVN 27, 1945 SAKA)

4507

2949/10-2023/Pb. Govt. Press, S.A.S. Nagar

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.