On October 14, 2024, Maharashtra enacted the Maharashtra Stamp (Amendment) Ordinance, which significantly raises stamp duty rates, particularly on arbitral awards, for the first time since 2015. Our Partner (Head – International Arbitration) Shaneen Parikh and Principal Associate Sanskriti Sidana in their article published by moneycontrol.com discuss how the ordinance aims to simplify stamp duty processes and boost government revenue by adjusting rates to reflect current inflation. (Photo Credit: Moneycontrol)
