Maharashtra has amended its Stamp Act, raising stamp duties on legal documents from October 15. This change aims to generate more state revenue but may increase costs for businesses, especially those opting for arbitration. The raised duties could impact smaller enterprises and settle disputes, making arbitration less financially viable.
Our Partner (Head – International Arbitration) Shaneen Parikh shares her views on this in an article published by The Economic Times. (Photo Credits: The Economic Times)
