Standing Order No. 1486/2015 of the Law Department, Government of Rajasthan dated 27th October, 2015 on the issue of share certificates [C1M-J3W]

Standing Order No. 1486/2015

GOVERNMENT OF RAJASTHAN

Law Department, Government of Rajasthan

Jaipur, dated the 27th October, 2015

STANDING ORDER

To

All Inspectors of Stamps,

Subject: The issue of share certificates by company issuing shares 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 Law 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 issue of share certificates by company issuing shares.

2. The matter has been examined. Every company issuing shares carrying on the issue of share certificates shall make an application in Form G to the Inspector General of Registration within fifteen days, accompanied by a fee of two hundred rupees.

3. The Inspector of Stamps shall ensure that register of instruments is dealt with as directed above, and shall report compliance to the Inspector General of Registration within fifteen days.

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

(Secretary to Government)