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Sale of stamp paper should be through banks
MADHU AGRAWAL | 04 Jan 2011

Public Provident Fund accounts should be available at least in all public-sector banks for deposits and withdrawals made from/to these PPF accounts from normal bank-accounts of investors.

STAMP-PAPERS should be sold through all bank-branches (nationalised or private) and post-offices by giving them sale-commission thereby abolishing private vendors, who often indulge in irregularities like back-dated sale. Counters in courts and selected offices of government and civic bodies can also undertake such sale. System will automatically take care of cases like infamous Telgi tamp-paper scam.

Public Provident Fund accounts should be available at least in all public-sector banks for deposits and withdrawals made from/to these PPF accounts from normal bank-accounts of investors. Commission-system on PPF investments then can be abolished resulting in saving for exchequer.

Procedure for attesting affidavits written on stamp-papers should be simplified by giving attesting powers to officers of governments and their undertakings, medical and legal practitioners, chartered accountants, and such other categories of responsible citizens. Authorities like oath commissioners or notaries public who generally attest documents just to charge fees without any proper verification of signatures must be abolished.