The Karnataka Stamp Act of 1957 and its accompanying rules provide for the use of impressed stamps in various legal and financial documents. An impressed stamp is a stamp created by an embossed or engraved design or impression on paper or any other material, indicating that the stamp duty payable on a particular document has been paid. This is a common method of authentication and verification of legal documents in Karnataka.
The Karnataka Stamp Rules of 1958 provide for the types of impressed stamps that can be used, their denominations, and the manner in which they are to be affixed to different types of documents. The rules also specify the penalties for non-compliance with the stamping requirements.
In Karnataka, impressed stamps are categorized into two types:
Adhesive impressed stamps: These are adhesive stamps that are purchased from authorized stamp vendors and affixed to the document. The adhesive impressed stamps are available in different denominations and can be used for non-judicial documents, such as agreements, deeds, and bills of exchange.
Non-adhesive impressed stamps: These are embossed or engraved stamps that are used for judicial documents, such as affidavits, court papers, and agreements. The non-adhesive impressed stamps are available in different denominations and can be obtained from the designated government offices.
The value of the impressed stamp that needs to be affixed on a document is determined by the document’s value and its purpose. The stamp duty payable on a document is determined by the state government and is based on a percentage of the document’s value. The rules specify the denomination of the impressed stamp that needs to be used for different types of documents.
The rules also specify the manner in which the impressed stamp needs to be affixed to the document. In general, the impressed stamp needs to be affixed on the document in such a way that it cannot be reused or removed. The rules also specify the penalties for non-compliance with the stamping requirements, which can include fines and legal action.
impressed stamps are an important aspect of legal and financial documents in Karnataka. The Karnataka Stamp Act of 1957 and its rules provide detailed guidelines for the use of impressed stamps in various types of documents, and it is important to follow these guidelines to ensure the validity and enforceability of the documents.
