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, 21 2022( 30 1944)

. 475 No. 475 BENGALURU, WEDNESDAY, ²¹, SEPTEMBER, ²⁰²²(BHADRAPADA, ³⁰, SHAKAVARSHA, ¹⁹⁴⁴)

¨sÁUÀ – 4 Part – IV A

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ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ((cid:3561)ರ(cid:3489) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378)) (cid:3648)(cid:3474)ಯಕ, 2022

(2022gÀ "zsÁ£À¸À¨s ÉAiÀÄ "zs ÉÃAiÀÄPÀ ¸ÀASÉå-24)

ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ಅ(cid:3468)(cid:3483)ಯಮ, 1957(cid:3485)(cid:3180) ಮತ(cid:3176) (cid:3680)(cid:3171) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378) (cid:3557)ಡ(cid:3620) ಒಂ(cid:3455) (cid:3648)(cid:3474)ಯಕ.

ಇ(cid:3618)(cid:3189) ಇ(cid:3485)(cid:3180) (cid:3560)ಂ(cid:3458) (cid:3209)(cid:3380)ಬ(cid:3590)ವ ಉ(cid:3458)(cid:3178) ೕಶಗ(cid:3633)(cid:3227)(cid:3228) ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ಅ(cid:3468)(cid:3483)ಯಮ, 1957 (1957ರ ಕ(cid:3482)(cid:4305)ಟಕ ಅ(cid:3468)(cid:3483)ಯಮ 34) (cid:3485)(cid:3180) ಮತ(cid:3176) (cid:3680)(cid:3171) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378) (cid:3557)(cid:3380)(cid:3650)(cid:3455) (cid:3575)ಕ(cid:3176) (cid:3647)(cid:3228)(cid:3590)(cid:3650)ದ(cid:3588)ಂದ;

ಇ(cid:3455) (cid:3542)ರತ ಗಣ(cid:3587)ಜ(cid:3186) ದ ಎಪ(cid:3181) (cid:3426)(cid:3185) ರ(cid:3489) ವಷ(cid:4305)ದ(cid:3618)(cid:3189) ಕ(cid:3482)(cid:4305)ಟಕ (cid:3587)ಜ(cid:3186) (cid:3648)(cid:3467)ನ(cid:3569)ಡಲ(cid:3453)ಂದ ಈ (cid:3560)ಂ(cid:3453)(cid:3494)(cid:3428) ಅ(cid:3468)(cid:3483)ಯ(cid:3558)ತ(cid:3647)ಗ(cid:3618):-

1. (cid:3704)(cid:3198)(cid:3193) ಪ(cid:3176) (cid:3713)ಸ(cid:3590) ಮ(cid:3425)(cid:3176) (cid:3497)(cid:3187) (cid:3599)ಭ.- (1) ಈ ಅ(cid:3468)(cid:3483)ಯಮವ(cid:3485)(cid:3180) ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ((cid:3561)ರ(cid:3489) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378)) ಅ(cid:3468)(cid:3483)ಯಮ, 2022 ಎಂ(cid:3455) ಕ(cid:3593)ಯತಕ(cid:3161) (cid:3455)(cid:3178) .

(2) ಇ(cid:3455) ಈ (cid:3201)ಡ(cid:3623) (cid:3302)(cid:3588)(cid:3233) ಬರತಕ(cid:3161) (cid:3455)(cid:3178) .

2. ಅ(cid:3485)(cid:3696)(cid:3273)ಯ (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378).- ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ಅ(cid:3468)(cid:3483)ಯಮ, 1957 (1957ರ ಕ(cid:3482)(cid:4305)ಟಕ ಅ(cid:3468)(cid:3483)ಯಮ 34)ರ ಅ(cid:3485)(cid:3696)(cid:3273)ಯ(cid:3618)(cid:3189) ನ 52(cid:3489) ಅ(cid:3485)(cid:3278)(cid:3167) ೕಧದ ((cid:3378)) (cid:3224)ಡದ(cid:3618)(cid:3189) ,-

(i) ಪ(cid:3599)(cid:3425)ಕದ(cid:3618)(cid:3189) "ಮ(cid:3425)(cid:3176) " ಎಂಬ ಪದದ ಬದ(cid:3618)(cid:3233) "ಅಥ(cid:3647)" ಎಂಬ ಪದವ(cid:3485)(cid:3180) ಪ(cid:3187) (cid:3423)(cid:3581)ೕ(cid:3303)ಸತಕ(cid:3161) (cid:3455)(cid:3178) ; ಮ(cid:3425)(cid:3176)

(ii) (cid:3707)(cid:3233) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378) (cid:3557)ಡ(cid:3617)ದ ಪ(cid:3599)(cid:3425)ಕದ ತ(cid:3590)(cid:3647)ಯ ಈ (cid:3560)ಂ(cid:3453)ನದ(cid:3485)(cid:3180) (cid:3699)(cid:3588)ಸತಕ(cid:3161) (cid:3455)(cid:3178) , ಎಂದ(cid:3593):-

"(cid:3648)ವರ(cid:3413): ಈ (cid:3224)ಡದ ಉ(cid:3458)(cid:3178) ೕಶ(cid:3197)(cid:3161) (cid:3228) "(cid:3482)(cid:3186) ಸ" (trust) ಎಂದ(cid:3593) ಆ(cid:3452)ಯ (cid:3428)(cid:3588)(cid:3233) ಅ(cid:3468)(cid:3483)ಯಮ, 1961 (1961ರ (cid:3204)ಂದ(cid:3187) ಅ(cid:3468)(cid:3483)ಯಮ (cid:3704).43)ರ 12ಎಎ ಅಥ(cid:3647) 12ಎ(cid:3528) ಪ(cid:3187) ಕರಣಗಳ ಉಪ(cid:3539)ಧಗಳ ಅ(cid:3378)ಯ(cid:3618)(cid:3189) (cid:3491)ೕಂ(cid:3452)(cid:3573)ತ(cid:3647)(cid:3228)(cid:3590)ವ (cid:3572)(cid:3650)(cid:3459) ಘಟಕವ(cid:3485)(cid:3180) (cid:3482)(cid:3186) ಸ(cid:3650) ಒಳ(cid:3190) (cid:3236)ಂ(cid:3378)ರತಕ(cid:3161) (cid:3455)(cid:3178) .

(1)2

ಉ(cid:3458)(cid:3178) ೕಶಗ(cid:3635) ಮ(cid:3425)(cid:3176) (cid:3197)ರಣಗಳ (cid:3714)(cid:3633)(cid:3203)

ಆ(cid:3452)ಯ (cid:3428)(cid:3588)(cid:3233) ಅ(cid:3468)(cid:3483)ಯಮ, 1961 (1961ರ (cid:3204)ಂದ(cid:3187) ಅ(cid:3468)(cid:3483)ಯಮ (cid:3704).43)ರ 12ಎಎ ಅಥ(cid:3647) 12ಎ(cid:3528) ಪ(cid:3187) ಕರಣಗಳ ಉಪ(cid:3539)ಧಗಳ ಅ(cid:3378)ಯ(cid:3618)(cid:3189) ನ "(cid:3482)(cid:3186) ಸ"(cid:3203)(cid:3161) (cid:3648)ವರ(cid:3413)ಯ(cid:3485)(cid:3180) (cid:3483)ೕಡ(cid:3620) ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ಅ(cid:3468)(cid:3483)ಯಮ, 1957 (1957ರ ಕ(cid:3482)(cid:4305)ಟಕ ಅ(cid:3468)(cid:3483)ಯಮ 34)(cid:3485)(cid:3180) ಮತ(cid:3176) (cid:3680)(cid:3171) (cid:3423)(cid:3455)(cid:3178) ಪ(cid:3378) (cid:3557)(cid:3380)(cid:3650)(cid:3455) ಅವಶ(cid:3186) ಕ(cid:3653)ಂ(cid:3455) ಪ(cid:3588)ಗ(cid:3408)(cid:3693)(cid:3458).

ಆದ(cid:3178) (cid:3588)ಂದ ಈ (cid:3648)(cid:3474)ಯಕ.

ಆ(cid:3438)(cid:4305)ಕ (cid:3302)(cid:3170) ಪನ ಪತ(cid:3187)

ಪ(cid:3187) (cid:3692)(cid:3176) (cid:3648)ತ (cid:3662)ಸ(cid:3482)ತ(cid:3185) ಕ ಕ(cid:3187) ಮ(cid:3650) (cid:3572)(cid:3650)(cid:3459) (cid:3713)(cid:3273)(cid:3166) ನ (cid:3653)ಚ(cid:3166) ವ(cid:3485)(cid:3180) ಒಳ(cid:3236)ಂ(cid:3378)(cid:3590)(cid:3650)(cid:3453)ಲ(cid:3189) .

Dgï. C±ÉÆÃPÀ PÀAzÁAiÀÄ ªÀÄAwæ

JA.PÉ. "±Á¯ÁQë PÁAiÀÄðzÀ²ð PÀ£ÁðlPÀ "zsÁ£À¸À¨sÉ

ಅ(cid:3485)(cid:3539)ಧ

ಕ(cid:3482)(cid:4305)ಟಕ (cid:3692)(cid:3171) ಂ(cid:3500) ಅ(cid:3468)(cid:3483)ಯಮ, 1957ರ

(1957ರ ಕ(cid:3482)(cid:4305)ಟಕ ಅ(cid:3468)(cid:3483)ಯಮ 34) ಉ(cid:3457)ತ (cid:3542)ಗ

Xxx xxx xxx

ಅ(cid:3485)(cid:3696)(cid:3273)

52. ಇโಗಳ ವಛბವൕ.-(ಪ౳ ൟಫಲ ಸ๼ತ ಅಥ฿ ಅൽಲ౵ ං) (ಎ)෥ರಬ๾ർದ ಭದ౳ ൤ಗะಜฆವ ല෍ಂಚฆಗำ-ಆ ല෍ಂಚฆ ๯ಂಕಃౙ ಞค෴ಜರย ಅಥ฿ ಇಲ౵ ൽರย (෈) ීಧಪತ౳ ಅಡ෥ನ ಪತ౳ ಅಥ฿ เ෥ ඩย๭ಯ ෩ಲಕ ಭದ౳ ൤ತัಸದ ෴โඃ ๼൞ಸ౾౨ (i) ಅಂತಹ ීಧಪತ౳ , ಅಡ෥ನ ಪತ౳ ಅಥ฿ ඩย๭ಯ ෬ยನ ๯ಂಕโ ಇಪ౭ ൤౨ ರഴ งඩ෵ ಐವൡ౨ න๲ಯඝ౬ ෦ೕರൽದ౪ ฉ (ii) ෴โඃ ಇತರ ๸ದಭბದย౵ (๭) ಅല౱ ඛ๣ౣ იೕಟฑ ಜನರฤ౵ ಗಳ (ಅඌඛಯಮ, 1963ರ 25ඡ ಪ౳ ಕರಣದ ෬ฉಜನ ಸ౷ ൡ౨ (ല) ಒಂൿ ක ౲ ಸൽಂದ ಇඣ౬ ಂൿ (ವಛბವൕ෴ಞൟ౨ ฆವ) ಸ ౷ ൟ౨ ನ ක౲ ಸಃౙ ; ಅಥ฿ ක ౲ ಸൽಂದ ක౲ ಸඋคಡ ෥ฆಕങౣ ෰ಲ౲ ಅಥ฿ ಅಂಥ ಅಥ฿ ಫมඝಭเಡ, ಅಥ฿ ವಛბವൕಯ	ല෍ಂಚคನ ෨ಖ ෮ಬಲಜಡ ಸಮකದ ಪ ౳ ൟಫಲ౽ౙ ಜನ ಹ๬౨ ಂತರಣ ಪ ౳ ൟ ඞฆ งඩ෵ಗัಡ ಅದರ ූಗಃౙ ಒಂൿ ๬เರ ಗคಷ౤ ಆౙ ಳಪഖౣ ඩವൟಸ෎౽ದ ๯ಂಕ ಐವൡ౨ න๲ ಅ ಂತಹ ීಧಪತ౳ , ಅಡ෥ನ ಪತ౳ ಅಥ฿ เ෥ඩย๭ಯ ෬ว เඌಸಬ๾ർඈಥ ๯ಂಕ ಒಂൿ ඞฆ งඩ෵ಗำ ಒಂൿ ඞฆ งඩ෵ಗำ ಸ౷ ൟ ౨ ನ ෥ฆಕങౣ ෰ಲ౲ (ಅಂಥ ವಛბವൕ เಷಯಃౙ ಒಳಪഖౣ ) ಅಥ฿ ಅಂಥ ವಛბವൕಯ ಪ౳ ൟಫಲ ಇโಗಳย౵ ෴โൿ
ಪ ౳ ൟಫಲ ಇโಗಳย౵ ක ౲ ಸඋค෵ಂದ ๸ದූბඝ๬ರ ක౲ ಸಃౙ ಅಥ฿ ක౲ ಸඋคಡ ಅಥ฿ ಫมඝಭเಡ ವಛბವൕ෴ಞൟ౨ ฆವ ක ౲ ಸದ ෴โඃ ಸ౷ ൟ౨ ಡ เ ක෵ൟಗำ,- ๼ಂಬರಹದ ෩ಲಕ ಇโಗಳ ವಛბವൕಗำ,- (ಎ) เඛಮಯ ಪತ౳ ೎ಀౙ ಅಥ฿ ඩ౳ ෦ಸค ඣೕഖ (෈) ವಹನ ಪತ౳ ವ๎ವൕ ಆඃಶ ಸರಀಗำ ಅಥ฿ ಸರಀಗಳ ಬಡಜನ ๬౷ ಮ౲ ದ ฿൐ಜ౲ ದ๬౨ ๆ೧ಛಜನ ฿ฉಂഡ (๭) เ෥ ඩย๭ (ല) ಄ಂದ౳ ಸ౽ბರದ ಅಥ฿ ฃಜ౲ ಸ౽ბರದ ಭದ౳ ൤ಗำ (8ඡ ಪ౳ ಕರಣವඝ౬ ಸಹ ඣೕല)	ກ೑౞ ೕ ಅದರ ෬ว ಅඝ೎౟ ೕದ 20 (1) ರ ಪ౳ ౽ರ ಹ๬౨ ಂತರಣಃౙ ಅನ౷ ಯ฿ಞವ ๬ౣ ಂඬ ๯ಂಕ. ಪฏൡ, ๬ವბಜඛಕ, උ෦ბಕ ಮൡ౨ ಧ෥ბർಯ ದൟ౨ ಗัಡ ಅಂಥ ವಛბವൕಛಜ ๬ ౣ ಂඬ ๯ಂಕ ಒಂൿ ๬เರ งඩ෵ಗะಜರತಕౙ ൿ౪ .

52. ಇโಗಳ ವಛბವൕ.-(ಪ౳ ൟಫಲ ಸ๼ತ ಅಥ฿ ಅൽಲ౵ ං) (ಎ)෥ರಬ๾ർದ ಭದ౳ ൤ಗะಜฆವ ല෍ಂಚฆಗำ-ಆ ല෍ಂಚฆ ๯ಂಕಃౙ ಞค෴ಜರย ಅಥ฿ ಇಲ౵ ൽರย (෈) ීಧಪತ౳ ಅಡ෥ನ ಪತ౳ ಅಥ฿ เ෥ ඩย๭ಯ ෩ಲಕ ಭದ౳ ൤ತัಸದ ෴โඃ ๼൞ಸ౾౨ (i) ಅಂತಹ ීಧಪತ౳ , ಅಡ෥ನ ಪತ౳ ಅಥ฿ ඩย๭ಯ ෬ยನ ๯ಂಕโ ಇಪ౭ ൤౨ ರഴ งඩ෵ ಐವൡ౨ න๲ಯඝ౬ ෦ೕರൽದ౪ ฉ (ii) ෴โඃ ಇತರ ๸ದಭბದย౵ (๭) ಅല౱ ඛ๣ౣ იೕಟฑ ಜನರฤ౵ ಗಳ (ಅඌඛಯಮ, 1963ರ 25ඡ ಪ౳ ಕರಣದ ෬ฉಜನ ಸ౷ ൡ౨ (ല) ಒಂൿ ක ౲ ಸൽಂದ ಇඣ౬ ಂൿ (ವಛბವൕ෴ಞൟ౨ ฆವ) ಸ ౷ ൟ౨ ನ ක౲ ಸಃౙ ; ಅಥ฿ ක ౲ ಸൽಂದ ක౲ ಸඋคಡ ෥ฆಕങౣ ෰ಲ౲ ಅಥ฿ ಅಂಥ ಅಥ฿ ಫมඝಭเಡ, ಅಥ฿ ವಛბವൕಯ

ല෍ಂಚคನ ෨ಖ ෮ಬಲಜಡ ಸಮකದ ಪ ౳ ൟಫಲ౽ౙ ಜನ ಹ๬౨ ಂತರಣ ಪ ౳ ൟ ඞฆ งඩ෵ಗัಡ ಅದರ ූಗಃౙ ಒಂൿ ๬เರ ಗคಷ౤ ಆౙ ಳಪഖౣ ඩವൟಸ෎౽ದ ๯ಂಕ ಐವൡ౨ න๲ ಅ ಂತಹ ීಧಪತ౳ , ಅಡ෥ನ ಪತ౳ ಅಥ฿ เ෥ඩย๭ಯ ෬ว เඌಸಬ๾ർඈಥ ๯ಂಕ ಒಂൿ ඞฆ งඩ෵ಗำ ಒಂൿ ඞฆ งඩ෵ಗำ ಸ౷ ൟ ౨ ನ ෥ฆಕങౣ ෰ಲ౲ (ಅಂಥ ವಛბವൕ เಷಯಃౙ ಒಳಪഖౣ ) ಅಥ฿ ಅಂಥ ವಛბವൕಯ ಪ౳ ൟಫಲ ಇโಗಳย౵ ෴โൿ

ಪ ౳ ൟಫಲ ಇโಗಳย౵ ක ౲ ಸඋค෵ಂದ ๸ದූბඝ๬ರ ක౲ ಸಃౙ ಅಥ฿ ක౲ ಸඋคಡ ಅಥ฿ ಫมඝಭเಡ ವಛბವൕ෴ಞൟ౨ ฆವ ක ౲ ಸದ ෴โඃ ಸ౷ ൟ౨ ಡ เ ක෵ൟಗำ,- ๼ಂಬರಹದ ෩ಲಕ ಇโಗಳ ವಛბವൕಗำ,- (ಎ) เඛಮಯ ಪತ౳ ೎ಀౙ ಅಥ฿ ඩ౳ ෦ಸค ඣೕഖ (෈) ವಹನ ಪತ౳ ವ๎ವൕ ಆඃಶ ಸರಀಗำ ಅಥ฿ ಸರಀಗಳ ಬಡಜನ ๬౷ ಮ౲ ದ ฿൐ಜ౲ ದ๬౨ ๆ೧ಛಜನ ฿ฉಂഡ (๭) เ෥ ඩย๭ (ല) ಄ಂದ౳ ಸ౽ბರದ ಅಥ฿ ฃಜ౲ ಸ౽ბರದ ಭದ౳ ൤ಗำ (8ඡ ಪ౳ ಕರಣವඝ౬ ಸಹ ඣೕല)

ກ೑౞ ೕ ಅದರ ෬ว ಅඝ೎౟ ೕದ 20 (1) ರ ಪ౳ ౽ರ ಹ๬౨ ಂತರಣಃౙ ಅನ౷ ಯ฿ಞವ ๬ౣ ಂඬ ๯ಂಕ. ಪฏൡ, ๬ವბಜඛಕ, උ෦ბಕ ಮൡ౨ ಧ෥ბർಯ ದൟ౨ ಗัಡ ಅಂಥ ವಛბವൕಛಜ ๬ ౣ ಂඬ ๯ಂಕ ಒಂൿ ๬เರ งඩ෵ಗะಜರತಕౙ ൿ౪ .

xxx xxx xxx KARNATAKA LEGISLATIVE ASSEMBLY

FIFTEENTH LEGISLATIVE ASSEMBLY

THIRTEENTH SESSION

THE KARNATAKA STAMP (THIRD AMENDMENT) BILL, 2022

(LA Bill No. 24 of 2022)

A Bill 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 third year of the Republic of India as follows:-

1. Short title and commencement.– (1) This Act may be called the Karnataka Stamp (Third Amendment) Act, 2022.

(2) It shall come into force at once.

2. Amendment of Schedule.- In the Karnataka Stamp Act, 1957 (Karnataka Act 34 of 1957), in the schedule, in article 52, in clause (d),-

(i) in the proviso for the word "and" the word "or" shall be substituted; and (ii) after the proviso as so amended the following shall be inserted, namely:-

"Explanation: For the purpose of this clause "Trust"means "a trust shall include any entity that has been registered under the provisions of section 12AA or 12AB of the Income Tax Act 1961 (Central Act No 43 of 1961)."

STATEMENT OF OBJECTS AND REASONS

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.

FINANCIAL MEMORANDUM

There is no extra expenditure involved in the proposed Legislative measure.

R. ASHOKA Minister for Reveue

M.K. VISHALAKSHI Secretary Karnataka Legislative Assembly R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19

Licensed to post without prepayment WPP No. 2975

ANNEXURE

EXTRACT FROM THE KARNATAKA STAMP ACT, 1957

(Karnataka Act 34 of 1957)

XXX XXX XXX SCHEDULE

XXX XXX XXX

52. Transfer.- (whether with or without consideration),

(a) of debentures, being Marketable securities, whether the debenture is, liable to duty or not Consideration equal to the face (b) of any interest secured by a bond, mortgage deed or policy of insurance,- (i) if the duty on such bond, mortgage or policy does not exceed twenty -two rupees and fifty paise (ii) in any other case (c) of any property under section 25 of the Administrator Generals Act, 1963 (d) of any trust property from one trust to another trust or from Trust to trustee or beneficiary, or from trustee to trust or trustee or beneficiary, as the case may be.	Fifty paise for every rupees one hundred or part thereof subject to a maximum of one thousand rupees value of the debenture. T he duty with which such bond, mortgage deed; or policy of insurance is chargeable. O ne hundred rupees O ne hundred rupees T he same duty as a conveyance under Article 20 (1) on the Market value of the property (which is the subject matter of such transfer) or consideration for such transfer, whichever is higher.
E xemption Transfers by endorsement (a) Of a bill of exchange, cheque or promissory note (b) Of a bill of leading, delivery order, warrant for goods or other mercantile document of title to goods. (c) Of a policy of insurance (d) Of securities of the Central Government or of State Government (See also section 8)	Provided that for the public religious

(a) of debentures, being Marketable securities, whether the debenture is, liable to duty or not Consideration equal to the face (b) of any interest secured by a bond, mortgage deed or policy of insurance,- (i) if the duty on such bond, mortgage or policy does not exceed twenty -two rupees and fifty paise (ii) in any other case (c) of any property under section 25 of the Administrator Generals Act, 1963 (d) of any trust property from one trust to another trust or from Trust to trustee or beneficiary, or from trustee to trust or trustee or beneficiary, as the case may be.

Fifty paise for every rupees one hundred or part thereof subject to a maximum of one thousand rupees value of the debenture. T he duty with which such bond, mortgage deed; or policy of insurance is chargeable. O ne hundred rupees O ne hundred rupees T he same duty as a conveyance under Article 20 (1) on the Market value of the property (which is the subject matter of such transfer) or consideration for such transfer, whichever is higher.

E xemption Transfers by endorsement (a) Of a bill of exchange, cheque or promissory note (b) Of a bill of leading, delivery order, warrant for goods or other mercantile document of title to goods. (c) Of a policy of insurance (d) Of securities of the Central Government or of State Government (See also section 8)

Provided that for the public religious

ಮುದ(cid:206)ಕರು (cid:178)ಾಗೂ ಪ(cid:206)(cid:144)ಾಶಕರು:- ಸಂಕಲ(cid:163)ಾ(cid:297)(cid:144)ಾ(cid:312)ಗಳ(cid:133), ಕ(cid:163)ಾ(cid:143)ಟಕ (cid:170)ಾಜ(cid:205)ಪತ(cid:206), ಸ(cid:144)ಾ(cid:143)(cid:312) (cid:144)ೇಂದ(cid:206) ಮುದ(cid:206)(cid:158)ಾಲಯ, (cid:166)ೆಂಗಳ(cid:136)ರು