Standing Order No. 2161/2011 of the Registration and Stamps Department, Government of Karnataka dated 10th April, 2011 on the issue of policies of insurance [C16-W6F]

Standing Order No. 2161/2011

GOVERNMENT OF KARNATAKA

Registration and Stamps Department, Government of Karnataka

Bengaluru, dated the 10th April, 2011

STANDING ORDER

To

All Treasury Officers,

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 G to the Superintendent of Stamps within sixty days, accompanied by a fee of fifty rupees.

3. The Treasury Officer shall ensure that franking impression is dealt with as directed above, and shall report compliance to the Superintendent of Stamps within sixty 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)