In the Karnataka Stamp Act, 1957, (Karnataka Act 34 of 1957) (hereinafter referred to as the principal Act) 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, reduce or remit, the stamp duty payable on any instruments to be specified therein, executed by new and existing micro, small, medium enterprises (MSME) Large, Mega, Ultra Mega, Super Mega Enterprises including expansion, modernization and diversification project and in respect of any such projects as specified in the Karnataka Industrial Policy 2020-25 subject to production of certificate to that effect from the Director of Industries and Commerce.”
Section 2: Amendment of section 9
The Karnataka Stamp (Amendment) Ordinance, 2020State Ordinance of Karnataka · No. 34 of 1957
Where this provision sits
| Act | The Karnataka Stamp (Amendment) Ordinance, 2020 |
|---|---|
| Section | 2 |
| Marginal note | Amendment of section 9 |
| Jurisdiction | State of Karnataka |
| Status | In force as published by the source |
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