Standing Order No. 3313/2012 of the Registration and Stamps Department, Government of Karnataka dated 25th November, 2012 on the taking of mortgages [C1E-MG9]

Standing Order No. 3313/2012

GOVERNMENT OF KARNATAKA

Registration and Stamps Department, Government of Karnataka

Bengaluru, dated the 25th November, 2012

STANDING ORDER

To

All Sub-Registrars,

Subject: The taking of mortgages by mortgagees 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 taking of mortgages by mortgagees.

2. The matter has been examined. Every mortgagee carrying on the taking of mortgages shall make an application in Form A to the Collector within forty-five days, accompanied by a fee of fifty rupees.

3. The Sub-Registrar shall ensure that register of instruments is dealt with as directed above, and shall report compliance to the Collector within forty-five 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)