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TypeBare Act JurisdictionKarnataka Government

Karnataka Stamp Act, 1957 Section 24

Certain Instruments Connected with Mortgages or Marketable Securities to Be Chargeable as Agreements

~1 min read
https://sooperkanoon.com/act/54839

Bare act section · Research

About this section

Karnataka Stamp Act, 1957 Section 24 is part of Karnataka Stamp Act, 1957 - Certain Instruments Connected with Mortgages or Marketable Securities to Be Chargeable as Agreements. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) Where an instrument,-

(a) is given upon the occasion of the deposit of any marketable security by way of security for money advanced or to be advanced by way of loan, or for an existing or future debt; or

(b) makes redeemable or qualifies a duly stamped transfer, intended a security, of any marketable security, it shall be chargeable with duty as if it were an agreement or memorandum of an agreement chargeable with duty under Article 5 of the Schedule.

(2) A release or discharge of any such instrument shall be chargeable with the like duty.

Frequently asked questions

What does Karnataka Stamp Act, 1957 Section 24 provide?

Section Section 24 of the Karnataka Stamp Act, 1957 (Certain Instruments Connected with Mortgages or Marketable Securities to Be Chargeable as Agreements) is reproduced on this page as part of the Karnataka Stamp Act, 1957. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Karnataka Stamp Act, 1957 Section 24?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Karnataka Stamp Act, 1957 Section 24. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Karnataka, confirm the wording against the official state gazette or authorized publication.

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