Standing Order No. 2034/2022 of the Industries and Commerce Department, Government of Rajasthan dated 28th June, 2022 on the transfer of securities [C1B-NES]

Standing Order No. 2034/2022

GOVERNMENT OF RAJASTHAN

Industries and Commerce Department, Government of Rajasthan

Jaipur, dated the 28th June, 2022

STANDING ORDER

To

All Inspectors of Stamps,

Subject: The transfer of securities by stock exchanges under the Rajasthan Stamp Act, 1999, regarding.

In exercise of the powers conferred by section 9 of the Rajasthan Stamp Act, 1999 (Rajasthan Act 14 of 1999), the Industries and Commerce Department, Government of Rajasthan 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 transfer of securities by stock exchanges.

2. The matter has been examined. Every stock exchange carrying on the transfer of securities shall make an application in Form B to the Superintendent of Stamps within ninety days, accompanied by a fee of two hundred rupees.

3. The Inspector of Stamps shall ensure that impressed stamp is dealt with as directed above, and shall report compliance to the Superintendent of Stamps within ninety days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Industries and Commerce Department, Government of Rajasthan.

(Secretary to Government)