THE KARNATAKA STAMP (AMENDMENT) ACT, 2020
KARNATAKA ACT NO. 45 OF 2020
(First Published in the Karnataka Gazette Extra-ordinary on the 19th Day of October, 2020)
(Received the assent of the Governor on the 19th day of October 2020)
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 first year of the Republic of India as follows:-
1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Amendment) Act, 2020.
(2) It shall come into force at once.
2. Amendment of section 9.- In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) in section 9, in sub-section (1), in clause (a), after the last proviso, the following shall be inserted, namely:-
"Provided also that the State Government may, in public interest,by notification, remit, during the policy period of five years from the date of 25-09-2017 or till a new policy is announced, stamp duty payable on the instruments to be specified therein, executed by or in favour of the eligible enterprises, in connection with the Karnataka Electric Vehicle and Energy Storage Policy 2017, specified in the Government Order No. CI 117 SPI 2017, dated: 25.09.2017 or specified by the State Government from time to time subject to production of a certificate to that effect from the Prescribed Authority."
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