THE KARNATAKA STAMP (SECOND AMENDMENT) ACT, 2022
KARNATAKA ACT NO. 12 OF 2022
(First Published in the Karnataka Gazette Extra-ordinary on the 5th Day of March, 2022)
(Received the assent of the Governor on the 4th day of March, 2022)
An Act further to amend the Karnataka Stamp Act, 1957. Whereas it is expedient further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Seventy third year of the Republic of India as follows:-
1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Second Amendment) Act, 2022. (2) It shall come into force at once.
2. Amendment of schedule.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) in schedule, in article 20, in clause (4),- (i) in sub-clause (i), in column (3), at the end, after the words “whichever is higher” the words "subject to a maximum of rupees twenty five crores” shall be inserted; and (ii) in sub-clause (ii), in column (3), before explanation, after the words “ whichever is higher” the words “ subject to a maximum of rupees twenty five crores” shall be inserted.
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