Ordinance on changes in J&K Stamp Act

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.