Standing Order No. 4192/2021 of the Registration and Stamps Department, Government of Karnataka dated 17th May, 2021 on the issue of policies of insurance [C13-WFG]

Standing Order No. 4192/2021

GOVERNMENT OF KARNATAKA

Registration and Stamps Department, Government of Karnataka

Bengaluru, dated the 17th May, 2021

STANDING ORDER

To

All Stamp Auditors,

Subject: The issue of policies of insurance by insurer issuing policies under the Karnataka Stamp Act, 1957, regarding.

In exercise of the powers conferred by section 9 of the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), the Registration and Stamps Department, Government of Karnataka hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the issue of policies of insurance by insurer issuing policies.

2. The matter has been examined. Every insurer issuing policies carrying on the issue of policies of insurance shall make an application in Form H to the Superintendent of Stamps within one hundred and eighty days, accompanied by a fee of ten rupees.

3. The Stamp Auditor shall ensure that adhesive stamp is dealt with as directed above, and shall report compliance to the Superintendent of Stamps within one hundred and eighty days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Registration and Stamps Department, Government of Karnataka.

(Secretary to Government)