Standing Order No. 3423/2006 of the Home Department, Government of Karnataka dated 4th December, 2006 on the issue of policies of insurance [C1H-ZH1]

Standing Order No. 3423/2006

GOVERNMENT OF KARNATAKA

Home Department, Government of Karnataka

Bengaluru, dated the 4th December, 2006

STANDING ORDER

To

All Inspectors of Stamps,

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 Home 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 D to the Chief Controlling Revenue Authority within seven days, accompanied by a fee of five rupees.

3. The Inspector of Stamps shall ensure that certificate of stamp duty is dealt with as directed above, and shall report compliance to the Chief Controlling Revenue Authority within seven days.

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

(Secretary to Government)