Amendment status not verified — confirm the current text below against the official source.
(1) Where the State Government is competent to remit any tax, cess or fee payable under any law for the time being in force, it may in the case of a co-operative society or class of co-operative societies remit such tax, cess or fee by general or special order. (2) The State Government may, by notification, remit— (a) the stamp duty (other than the stamp duty falling within entry 91 or entry 96 of List 1 of the Seventh Schedule to the Constitution of India) in respect of any instrument executed by, or on behalf of, or in favour of, any co-operative society or a class of co-operative societies or an officer or member thereof and relating to the business of such co-operative society or such class of co-operative societies in cases where 348 The West Bengal Co-operative Societies Act, 1983. XLV of 1983.] (Chapter VI.—Duties and obligations of co-operative societies.—Section 61.—Chapter VII.—Properties and funds of co-operative societies.—Section 62.) but for such remission such co-operative society or class of co-operative societies or the officer or member thereof would have been liable to pay the stamp duty chargeable under any law for the time being in force in respect of such instrument: Provided that no such remission of stamp duty payable by a member of a co-operative housing society in whose favour an apartment in a multistoried building is allotted or to whom such apartment is transferred shall be made if the value of such apartment exceeds one lakh and twenty-five thousand rupees; and (b) any fee payable by a co-operative society or a class of co- operative societies under any law for the time being in force for the registration of any document. (3) Notwithstanding anything contained in any other law for the time being in force, the State Government may, by general or special order, grant such preference and such exemption as may be prescribed.