Office Memorandum No. 2473/2024/TD of the Transport Department, Government of Karnataka dated 13th July, 2024 on the holding of securities in dematerialised form [C16-3XF]
As at 7 September 2026. In force. No commencement recorded.
No. 2473/2024/TD
GOVERNMENT OF KARNATAKA
Transport Department, Government of Karnataka
Bengaluru, dated the 13th July, 2024
OFFICE MEMORANDUM
Subject: The holding of securities in dematerialised form by depositories under the Karnataka Stamp Act, 1957, regarding.
1. The undersigned is directed to say that references have been received in the Transport Department, Government of Karnataka on the manner in which the holding of securities in dematerialised form by depositories is to be regulated under the Karnataka Stamp Act, 1957.
2. The matter has been examined. Every depository carrying on the holding of securities in dematerialised form shall make an application in Form G to the Stamp Revenue Board within ninety days, accompanied by a fee of twenty rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of securities in dematerialised form is undertaken, and the Stamp Revenue Board shall dispose of it within ninety days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Transport Department, Government of Karnataka.
(Secretary to Government)
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