Ordinance on changes in J&K Stamp Act

Last Updated: Thursday, August 12, 2010 - 00:10

Srinagar: Jammu and Kashmir Governor N N
Vohra today promulgated an Ordinance making certain amendments
in the Stamp Act for the implementation of dematting of stamps
in the state.

"As the state legislature is not in session and it was
necessary to carry out certain amendments in the Stamp Act for
implementation of the e-Stamping System in the state, the
Governor, on the recommendations of the Chief Minister, has
exercised the powers, promulgated the Stamp (Amendment)
Ordinance," an official spokesman said.

He said "the implementation of the e-Stamping system
will enable the government to provide prompt and efficient
delivery of an essential public service, resulting in proper
valuation of properties, cut down the menace of
under-valuation of stamps and earn enhanced revenue for the
state."

The e-stamping system is a secured and reliable stamp
duty collection mechanism, free from paper and process-related
frauds.

PTI



First Published: Thursday, August 12, 2010 - 00:10

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