Standing Order No. 873/2016 of the Agriculture Department, Government of Rajasthan dated 6th May, 2016 on the issue of bills of exchange and promissory notes [C1M-KMK]

Standing Order No. 873/2016

GOVERNMENT OF RAJASTHAN

Agriculture Department, Government of Rajasthan

Jaipur, dated the 6th May, 2016

STANDING ORDER

To

All Superintendents of Stamps,

Subject: The issue of bills of exchange and promissory notes by banker issuing instruments 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 Agriculture 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 bills of exchange and promissory notes by banker issuing instruments.

2. The matter has been examined. Every banker issuing instruments carrying on the issue of bills of exchange and promissory notes shall make an application in Form H to the Stamp Revenue Board within forty-five days, accompanied by a fee of five hundred rupees.

3. The Superintendent of Stamps shall ensure that instrument is dealt with as directed above, and shall report compliance to the Stamp Revenue Board within forty-five days.

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

(Secretary to Government)