Section 9

Amendment status not verified — confirm the current text below against the official source.

To Substitute section 67B to streamline the provisions regarding power to enter premises and inspect certain documents. Certain other consequential and necessary amendments are also made. Hence the Bill. (Published in the Karnataka Gazette (Extraordinary) Part IV-2A, dated 31st March 1999, as No. 299) XXIX Amending Act 7 of 2000.- To give effect to the proposals made in the Budget Speech, it is considered necessary to amend the Karnataka Stamp Act, 1957 and the Karnataka Societies Registration Act, 1960. (Obtained from L.A. Bill No. 8 of 2000.) XXX Amending Act 6 of 2001.- To give effect to the proposals made in the Budget Speech, it is considered necesary to amend the Karnataka Stamp Act, 1957 and the Karnataka Co-operative Societies Act, 1957. Hence the Bill. (Vide LA Bill No. 6 of 2001 File No. SAMVYASHAE 10 SHASANA 2001) XXXI 12 Amending Act 6 of 2002.- To give effect to the porposals made in the Budget Speech, it is considered necessary to amend the Karnataka Stamp Act, 1957 and the Karnataka Socieities Registration Act, 1960. Hence the Bill. (Vide LA Bill No. 11 Of 2002 and File No. SAMVYASHAE 19 SHASANA 2002) XXXII Amending Act 17 of 2002.- It is considered ncessary to reduce or remit by notification till 31st March, 2006, the stamp duty payable on any instrument, to be specified therein executed by, specified new Tiny, Small Scale, Medium Scale or Large Scale Industrial Units or Mega Projects as defined in the new industrial policy vide Government Order CI 167 SPI 2001 dated 30.6.2001 or by such key projects of core area as defined in the said policy or specified by the State Government from time to time. Hence the Bill. (Vide LA Bill No. 23 of 2002 File No. SAMVYASHAE 4 SHASANA 2002) XXXIII Amending Act 8 of 2003.- To give effect to the proposals made in the Budget Speech for the year 2003-04, it is considered necessary to amend the Karnataka Stamp Act, 1957, the Karnataka Municipalities Act, 1964, the Karnataka Municipal Corporations Act, 1976 and the Karnataka Panchayat Raj Act, 1993. Hence the Bill. (Vide LA Bill No. 8 of 2003 File No. SAMVYASHAE 15 SHASANA 2003) XXXIV Amending Act 2 of 2004.- To give effect to the proposals made in the Budget Speech of 2003-04, it is considered necessary to amend the Karnataka Sales Tax Act, 1957, the Karnataka Stamp Act, 1957 and the Karnataka Motor Vehicles Taxation Act, 1957. Hence the Bill. (obtained from LA Bill No. 7 of 2004 vide File No. SAMVYASHAE 11 SHASANA 2004) XXXV Amending Act 7 of 2006.- To give effect to the proposals made in the Budget Speech, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Certain consequential amendments have also been proposed. Hence the Bill. [L.A. Bill No. 12 of 2006] XXXVI Amending Act 7 of 2007.- To give effect to the proposals made in the Budget Speech of 2007-2008, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Certain consequential amendments have also been proposed. Hence the Bill. [L.A.Bill No. 20 of 2007] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] 13 XXXVII Amending Act 11 of 2007.- In order to encourage entrepreneurs for establishment of new industries, so as to achieve industrial as well as economic growth in the state and in the light of New Industrial Policy 2006-2011. It is proposed to amend the Karnataka Stamp Act, 1957 making provision to give stamp duty exemption as per the Industrial Policy issued by the Commerce & Industries Department. Hence the Bill. [L.A. Bill No. 9 of 2007] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XXXVIII Amending Act 17 of 2007.- In G.O.NO.RD 9 BMM 2003, dated: 8.9.2005 the posts of Regional Commissioners at Bangalore, Mysore, Gulbarga and Belgaum along with supporting staff has been created. The Regional Commissioners have to be conferred with statutory powers by necessary amendments to the relevant Acts. Since the matter was urgent and the Karnataka Legislature was not in session, the Karnataka Land Revenue and Certain Other Laws (Amendment) Ordinance 2006(Karnataka Ordinance No.5 of 2006) was promulgated to achieve the above Object. Hence the Bill. [L.A. Bill No. 7 of 2007] [Entry 5 and 18 of List II of the Seventh Schedule to the Constitution of India.] XXXIX Amending Act 1 of 2008.- In order to give effect to the proposals made in the Budget Speech for the year 2003-2004, it is considered necessary to amend the Karnataka Stamp Act, 1957, to dispense with the use of stamps and stamp papers and to start using impressed stamps. The Karnataka Stamp (Amendment) Bill, 2003 was passed in the both the Houses of the Legislature for obtaining the assent of the President on 29.3.2003. The Government of India vide their letter 17/20/2003-Judl & PP, dated:18.10.2004 has communicated the notes of the Ministry of Law and Justice (Department of Legal Affairs) for clarification. The Government of Karnataka considered the observations of the Ministry of Finance, Government of India (Banking Division) communicated vide Government of India letter dated: 11.7.2003 and the points raised by the Ministry of Law and Justice (Department of Legal Affairs) and has decided to drop the proposed amendment to section 19 of the Karnataka Stamp Act, 1957. Hence the Bill. (L.A. Bill No. 8 of 2007) [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XL Amending Act 8 of 2008.-To give effect to the proposals made in the Budget Speech of 2008-2009, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Certain consequential amendments have also been proposed. Hence the Bill. (LA Bill No. 6 of 2008, File No. DPAL 12 Shasana 2008) [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] 14 XLI Amending Act 9 of 2009.- To give effect to the proposals made in the Budget Speech 2009- 10, it is considered necessary to amend the Karnataka Stamp Act, 1959 (Karnataka Act No.34 of 1957). Certain consequential amendments have also been proposed. Hence the Bill (LA Bill No. 24 of 2009, File No. DPAL 17 Shasana 2009) [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLII Amending Act 20 of 2009.- In the Budget Speech for the year 2009-2010 it has been announced to reduce the Stamp duty on sale transactions of all kinds of immovable properties including agricultural land from seven and half percent to six percent. Therefore it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) As the matter was urgent and both the Houses of the Karnataka State Legislature were not in session, the Governor of Karnataka had promulgated the Karnataka Stamp (Amendment)Ordinance, 2009 (Karnataka Ordinance No.5 of 2009) This bill seeks to replace the said ordinance. Hence the bill (LA Bill No. 37 of 2009, File No. DPAL 28 Shasana 2009) [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLIII Amending Act 8 of 2010.- To give effect to the proposals made in the Budget Speech 2010- 11, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Certain consequential amendments have also been proposed. Hence the bill. [L.A. Bill No. 13 of 2010, File No.DPAL 15 Shasana 2010] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLIV Amending Act 9 of 2010.- In order to encourage entrepreneurs for establishment of new industries in the State to combat financial crisis prevailing globally and in the hight of the new Industrial Policy 2009-14, it is proposed to amend the Karnataka Stamp Act, 1957, to reduce or remit stamp duty in public interest payable on any instrument executed by key projects of core area in the special economic zones. Hence the Bill. [L.A. Bill No. 01 of 2010, File No. DPAL 34 Shasana 2009] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLV Amending Act 16 of 2011.- To give effect to the proposals made in the Budget Speech 2011-12 it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No.34 of 1957). Hence the Bill. [L.A. Bill No.21 of 2011, File No.Samvyashae 18 Shasana 2011] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLVI 15 Amending Act 2 of 2012.- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957) to give effect to the proposals made in the Budget Speech 2010- 11, and to give an impetus to growth in Agriculture, Information Technology, Bio-Technology, Science and Technology. Hence, the Bill. [L.A. Bill No. 45 of 2011, File No.Samvyashae 48 Shasana 2011] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLVII Amending Act 15 of 2012.- To give effect to the proposals made in the Budget Speech of 2012-13, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Certain consequential amendments have also been proposed. Hence the Bill. [L.A. Bill No. 10 of 2012, File No.Samvyashae 23 Shasana 2012] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] XLVIII Amending Act 29 of 2013.- In order to promote the growth of housing activities through documents of Joint Development Agreement and its consequent power of attorney it is considered necessary to reduce the stamp duty payable on one document to two hundred rupees only, if the other document is duly stamped in accordance with law, by amending the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957). Hence the Bill. [L.A. Bill No. 15 of 2013, File No. Samvyashae 29 Shasana 2013] [Entry 44 of List III of the Seventh Schedule to the Constitution of India.] XLIX Amending Act 19 of 2014.- To give effect to the proposals announced in the Budget speech for the year 2014-15, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957), to provide for the following:- (1) to avoid double taxation by way of stamp duty levy, it is proposed to exempt the stamp duty on instrument of sale, executed by or between the Bangalore Development Authority and the concerned person, in connection with the allotment of alternate equivalent site to the allotee, consequent to de-notification of the land in question and pursuant to the cancellation of the preceding sale deed which is duly stamped. (2) to promote growth in the Aerospace industry, it is proposed to reduce or remit the stamp duty on instruments, executed by or between the concerned persons, in connection with the Karnataka Aerospace Policy 2013-23. (3) to give relief/remedy to the instruments exempted from the stamp duty, as specified in the Notification No.RD 144 MuNoMu 2003 dated:23-04-2003. It is proposed to validate the same. (4) to generate more revenue in the form of stamp duty, by way of better tax compliance, it is proposed to rationalize the stamp duty on Joint Development Agreement and its consequent power of attorney for joint development, by way of reducing the stamp duty from the current 5% to 2%. (5) to rationalize Stamp Duty on Award relating to movable property, it is proposed to reduce the stamp duty on such award from the current 5% to the rates, ranging from minimum ¼ (0.25) percent to maximum ¾ (0.75) percent, as per the recommendation of the Law Commission of Karnataka (twentieth report). (6) To promote the growth of trade/industry relating to the goods being imported in the State of Karnataka, it is proposed to reduce stamp duty on "Delivery order in respect of the goods": from the current 0.5% to 0.1% and to exempt stamp duty on such goods which are exempted from the levy of customs duty by the Government of India. This measure will also generate more revenue in the form of stamp duty by way of better tax compliance. Hence the Bill. [L.A. Bill No.36 of 2014, File No. Samvyashae 16 Shasana 2014] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] L 16 Amending Act 03 of 2015.- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957) to reduce or remit stamp duty in public interest payable on any instrument executed by key projects of core area in special economic zone made in the New Karnataka Industrial Policy 2014-2019 announced by the State Government and to give impetus to growth in the industry. Hence, the Bill. [L.A. Bill No. 67 of 2014, File No. Samvyashae 51 Shasana 2014] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LI Amending Act 16 of 2015.- To give effect to the proposal made in the Budget speech of 2015-16 It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), Hence the Bill. [L.A. Bill No. 09 of 2015, File No. Samvyashae 17 Shasana 2015] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LII Amending Act 07 of 2016.- To give effect to the proposal made in the Budget Speech of 2016-17, it is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) and to make consequential amendments. Hence the Bill, [L.A. Bill No.16 of 2016 File No. Samvyashae 21 Shasana 2016] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LIII Amending Act 09 of 2016.- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No 34 of 1957) to give effect to proposal made in the Karnataka Tourism Policy 2015-2020, and to give impetus to the growth in the Tourism Industry. Hence the Bill, [L.A. Bill No.05 of 2016 File No. Samvyashae 38 Shasana 2015] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LIV Amending Act 10 of 2016.- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act No 34 of 1957) The State Government may in public interest, by notification to give effect to proposal mad in the new Investment Incentive policy (IT, ITES, Innovation Incentive Policy) for the IT/ITes/Start- ups/Animation/Gaming/CopmuterGraphics/Telecom/MPO/KPO/Other Knowledge base Industries, Specified in the Government Order No: IUTD 10 PRM 2013 dated 16th January 2014. Hence the Bill, [L.A. Bill No.14 of 2016 File No. Samvyashae 51 Shasana 2015] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LV Amending Act 21 of 2016.- Mines and Mineral (Development and Regulation) Act, 1957 (Central Act 67 of 1957) Act defines a "mining lease" as a lease granted for the purpose of undertaking mining operations, and further defines "mining operations" as any operations undertaken for the purpose of winning any mineral. Mining lease is essentially an instrument designed for 17 regulation of mining operations and mining rights. It does not fully conform to all the characteristics of a lease of immovable property. The Possibility of privately owned and being part of the mining lease area is also very clearly contemplated under the Mines and Mineral (Development and Regulation) Act, 1957 as well as the Karnataka Minor Minerals Concession Rules, 1994. Therefore, there is a need to classify mining leases as a separate class of documents for the purpose of stamp duty, distinct from lease of immovable property. Separate provisions are also provided for lease granted by auction and granted by way other than auction. Hon‘ble Supreme Court in its order dated: 30.07.2015 has directed the State Government to conduct the auction of 15 ‗C‘ Category mines within outer limit of 32 weeks, preferably 26 weeks from the date of order in accordance with the amendments of Mines and Minerals (Development and Regulation) Act, 1957 and the Mineral (Auction) Rules, 2015 along with additional conditions. The time line fixed by the Hon‘ble Supreme Court has already expired in March, 2016 and in this connection an Interlocutory Application has been filed before the Hon‘ble Supreme Court for extending time for auction of mines. The Hon‘ble Supreme Court has not yet decided on Interlocutory Application filed by the Commerce and Industries Department. The Commissioner, Department of Mines and Geology has already extended the calendar of events four times. Making this legislation is very essential for the Commissioner, Department of Mines and Geology to give clarification to the bidders with respect to stamp duty and registration fee on the Mining Lease Development and Production Agreement (MDPA) and mining Lease Deed. The last date for giving clarification to the bidders is 22.06.2016. proposed legislation needs to be passed before this date. If the matter is further delayed then the Hon‘ble Supreme Court may take it seriously and it will create a very difficult position for the State Government to explain the delay in the matter. A new instrument called the Mine Development and Production Agreement has been introduced by the Minerals (Auction) Rules, 2015 and the Minerals (Other than Atomic and Hydrocarbons Energy) Minerals Rule 2016, and they also need to be specified for the purpose of stamp duty. As the matter was urgent and the Karnataka Legislative Assembly was not in session, the Karnataka Stamp (Amendment) ordinance, 2016 (Karnataka ordinance 2 of 2016) was promulgated on 22.06.2016. This bill seeks to replace the said ordinance. Hence the Bill. [L.A. Bill No.21 of 2016 File No. Samvyashae 28 Shasana 2016] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LVI Amending Act 17 of 2017.- To give effect to the proposal made in the Budget speech of 2017-18. It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), and to make consequential amendments. Hence the Bill. [L.A. Bill No.17 of 2017 File No. Samvyashae19 Shasana 2017] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LVII Amending Act 32 of 2017.- It is consider necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957) to give effect to,- 18 (i) the proposals made in the Agribusiness and Food Processing Policy, 2015; and (ii) give impetus to the growth in the Agribusiness and Food Processing Industrial Enterprises. Hence the Bill [L.A. Bill No.31 of 2017, File No. Samvyashae 37 Shasana 2017] [entry 63 of List II of the Seventh Schedule to the Constitution of India.] LVIII Amending Act 45 OF 2020.- It is consider necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act No. 34 of 1957) to,- (1) give effect to the proposals made in the Karnataka Electric Vehicle and Energy Storage Policy 2017and provide 100% Exemption from stamp Duty to be paid in respect of,- (i)direct purchase of industrially converted lands for the projects approved by SLSWCC/DLSWCC, loan agreements, credit deeds, mortgage and hypothecation deeds executed for availing loans from state Government and/or state Financial Corporation, National Level Financial Institutions, Commercial Banks, RRBs, Co- operative Banks, KVIB/KVIC, Karnataka state SC/ST Development Corporation, Karnataka State Minority Development Corporation and other institutions which may be notified by the Government from time to time; and (ii) for lease deeds, lease-cum-sale, sub-lease and absolute sale deeds executed in respect of industrial plots, sheds, industrial tenements by KIADB, KSSIDC, KEONICS, Industrial Co-operatives and approved private industrial estates/parks; and (2) give impetus to the Electric mobility sector in the State and also attract investments. Hence the Bill. [L.A. Bill No. 41 of 2020, File No. Samvyashae 48 Shasana 2020] [Entry entry 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No. 476 in part-IVA dated: 19.10.2020] LIX Amending Act 55 of 2020.- It is considered necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act No.34 of 1957) to give effect to, (i) the Proposals made in the Karnataka Industrial Policy 2020-25 by the State Government to give impetus to growth of the industry; and (ii) the Proposal made in Budget Speech of 2020-21 to Reduce the stamp duty to first sale of flat or apartment up to thirty five lakhs. As the matter was urgent and both houses of the Karnataka State legislature were not in a session, therefore the Karnataka Stamp (Amendment) Ordinance, 2020 (Karnataka Ordinance No.24 of 2020) was promulgated to achieve the above object. This Bill seeks to replace the said Ordinance. Hence, the Bill. [L.A. Bill No. 66 of 2020, File No. Samvyashae 81 Shasana 2020] 19 [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No. 720 in part-IVA dated: 30.12.2020] L Amending Act 26 of 2021.- It is considered necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to give effect to the proposal made in the Budget Speech of 2021-22 to reduces the stamp duty (from 5% to 3%)for the first registration of apartments valued between Rupees 35 lakh and Rupees 45 laks. Hence the Bill. [L.A. Bill No. 29 of 2021, File No. Samvyashae 35 Shasana 2021] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No. 811 in part-IVA dated: 05.10.2021] LI Amending Act 11 of 2022.- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to,-to insert the digital e-stamp in the definition of "Stamp". give effect to the proposal made in the Karnataka New Textile and Garments Policy 2019-24 and Provide 100% exemption in respect of,- execution of Lease, Lease-Cum sale and Sale deeds in respect of industrial land or plots allotted; execution of Lease deeds in case of Industrial Sheds or plots taken on Lease; Loan and credit deeds, including security documents such as Mortgage deeds, Pledge deed etc… executed for availing long term funds form the banks or Fls and other agencies of Government of Karnataka or Government of India; and to give impetus to the Textiles and Garments sector in the State and also attract investments and to create more employment opportunities in the State. provide for payment of Stamp Duty on a conveyance subsequently executed in furtherance of the lease-cum-sale agreement as on the date of execution of such agreement to an allotee of any House Building Co-operative Society registered under the Karnataka Co- operative Societies Act, 1959 (Karnataka Act 11 of 1959); Hence, the Bill. [L.A. Bill No. 01 of 2022, File No. SAMVYASHAE 56 SHASANA 2021] [Entry 18 and 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No. 97 in part-IVA dated: 05.03.2022] 20 LII Amending Act 12 of 2022: It is considered necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to fix an upper limit on the Stamp duty to be paid if an order is made by the High Court or appropriate Tribunals or appropriate Authorities under the Companies Act, 2013 (Central Act 18 of 2013) in respect of amalgamation of companies including a subsidiary amalgamating with parent company, reconstruction or demerger of a company in order to provide relief to such a company. Hence the Bill. [L.A. Bill No. 03 of 2022, File No. SAMVYASHAE 01 SHASANA 2022] [Entry 63 of List II of the Seventh Schedule to the Constitution of India] [Published in Karnataka Gazette Extra-ordinary No. 98 in part-IVA dated: 05.03.2022] LIII Amending Act 31 of 2022.- It is considered necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to give ―Explanation‖ for the ―Trust‖ as under the provisions of section 12AA or 12AB of the Income Tax Act 1961 (Central Act No 43 of 1961). Hence, the Bill. [L.A. Bill No. 24 of 2022, File No. SAMVYASHAE 22 SHASANA 2022] [Entry 63 of List II of the Seventh Schedule to the Constitution of India] [Published in Karnataka Gazette Extra-ordinary No. 518 in part-IVA dated:13.10.2022] LIV Amendment Act 03 of 2023:- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to give effect the proposal made in the State Budget Speech 2022-23 to remit the Stamp Duty on loan agreements executed by the Street Vendors under the scheme of PM SVANidhi(PM Steet Vendor‘s Atmanirbhar Nidhi). Hence, the Bill [L.A. Bill No. 34 of 2022, File No. SAMVYASHAE 32 SHASANA 2022] [Entry 63 of List II of the Seventh Schedule to the Constitution of India] [Published in Karnataka Gazette Extra-ordinary No.17 in part-IVA dated:12.01.2023] LV Amendment Act 04 of 2024:- It is considered necessary further to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to enhance the rate of Stamp Duty in certain cases and to make a separate provision regarding levy of Stamp Duty on Bank Guarantee. Hence, the Bill. [L.A. Bill No.22 of 2023, File No. SAMVYASHAE 39 SHASANA 2023] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] 21 [Published in Karnataka Gazette Extra-ordinary No.58 in part-IVA dated:03.02.2024] LVI Amendment Act 23 of 2024:- It is considered necessary further to amed the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) as per 2023-24 July Budget speech para number 321 to promote good governance by prohibiting the collection of Stamp duty through Demand Draft and Pay Order by the Inspector General of Stamps and Registration and their subordinate offices and thereby prevent leakages of revenue. Hence, the Bill. [L.A. Bill No.21 of 2024, File No. SAMVYASHAE 24 SHASANA 2024] [Entries 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No.265 in part-IVA dated:10.06.2024] LVII Amendment Act 30 of 2025:- It is considered necessary to amend the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957) to,- (i) bring digital e-stamping within the ambit of duly stamped; (ii) give legal support for electronic signatures; and (iii) enable payment stamp duty by electronic means. Hence, the Bill. [L.A. Bill No.12 of 2025, File No. SAMVYASHAE 17 SHASANA 2025] [Entry 63 of List II of the Seventh Schedule to the Constitution of India.] [Published in Karnataka Gazette Extra-ordinary No.223 in part-IVA dated:07.04.2025] 22 1[KARNATAKA]1 ACT No. 34 OF 1957. (First published in the 1[Karnataka Gazette]1 on the Fifth day of December, 1957.) THE 1[KARNATAKA]1 STAMP ACT, 1957. (Received the assent of the President on the Twenty-eighth day of November, 1957.) (As amended by Acts 8 of 1958; 29 of 1962; 17 of 1966; President‘s Act 17 of 1971; Karnataka Acts 12 of 1972; 4 of 1973; 17 of 1974; 12 of 1975; 37 of 1976; 9 of 1987, 21 of 1979; 15 of 1980; 16 of 1981; 16 of 1983; 9 of 1987, 24 of 1987; 10 of 1988; 10 of 1990; 11 of 1991; 19 of 1994; 8 of 1995; 20 of 1996; 9 of 1997, 22 of 1997; 5 of 1998; 6 of 1999; 24 of 1999; 7 of 2000, 6 of 2001, 6 of 2002, 17 of 2002, 8 of 2003, 2 of 2004, 7 of 2006, 7 of 2007, 11 of 2007, 17 of 2007, 1 of 2008, 8 of 2008, 9 of 2009, 20 of 2009, 8 of 2010, 9 of 2010, 16 of 2011, 2 of 2012, 15 of 2012, 29 of 2013, 19 of 2014, 03 of 2015 , 16 of 2015, 7 of 2016, , 9 of 2016, 10 of 2016 ,21 of 2016 ,17 of 2017, 32 of 2017, 45 of 2020, 55 of 2020, 26 of 2021,11 of 2022, 12 of 2022, 31 of 2022, 03 of 2023, 04 of 2024, 23 of 2024 and 30 of 2025) An Act to consolidate and amend the laws relating to Stamps. WHEREAS it is expedient to consolidate and amend the laws relating to stamps in the 1[State of Karnataka]1; BE it enacted by the 1[Karnataka State]1 Legislature in the Eighth year of the Republic of India as follows:—