The central government and the government have been authorized, in accordance with the Union list and the list of the State (or state), to levy a stamp duty on the instruments mentioned in it. These are the documents on which the Union or the central government collects a stamp duty. In addition, national governments may also impose taxes on certain documents. 2.2 Under the Stamps Act and most of the state`s stamp tax laws, however, improperly stamped instruments may be permitted at a later date if applicable tax is paid, as well as a penalty of up to 10 times taxable tax. In addition, anyone who executes or signs other witnesses would also be liable to fines for instruments that are subject to stamp duty, without the same stamp. Stamp duty is levied by the European Commission when capital is raised (capital tax). The Council`s Directive 69/335/EEC of 17 July 1969, on indirect taxes on the acquisition of capital, stipulates that taxable transactions are taxable only in the Member State in the territory of which, at the time of commercial activity, the actual headquarters of the administration of a capital company is located. When the actual head office of a capital company is located in a third country and its statutory headquarters are in a Member State, transactions subject to corporation tax are taxable in the Member State where the statutory headquarters are established. Where the statutory headquarters and effective management centre of a capital company are in a third country, the delivery of fixed funds or working capital to a branch located in a Member State may be taxed in the Member State in the territory where the branch is located.  1.3 The Indian Stamp Act of 1899 (“Stamp Act”) contains no specific provision specifically relating to electronic registrations and/or stamp duty payable upon execution. Instruments are defined in the Indian Stamp Act as “all documents that are used to create, transfer, limit, extend, extinguish or claim a right or liability.” While most government stamp tax laws do not explicitly include electronic registrations in their scope, some national stamp tax laws refer to electronic registrations.