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India

Punjab 1st to introduce stamp papers with colour codes

Punjab has become the first state in the country to launch a unique colour-coded stamp paper, as Chief Minister Bhagwant Mann introduced the green-colored legit transactional papers on Friday.

Harpreet Bajwa

CHANDIGARH: Punjab has become the first state in the country to launch a unique colour-coded stamp paper, as Chief Minister Bhagwant Mann introduced the green-colored legit transactional papers on Friday. The transaction paper will facilitate the entrepreneurs to set up their units in the state after purchasing the stamp paper. The investor can get all the necessary clearances within a fortnight to set up one’s unit.

“This is a revolutionary step aimed at promoting ‘ease of doing business’ for the entrepreneurs wanting to set up their units in the state,” said Mann in a video statement issued today. He said any industrialist who is keen on setting up his industrial unit in the state can get this unique colour-coded stamp paper from Invest Punjab Portal.

He said industrialists will have to only pay up various fees required for getting clearances in form of CLU, forest, pollution, fire and others to set up one’s unit while purchasing the single stamp paper only. 

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