jester

Sch. J > The Indian Stamp Act, 1899 . 37

SCHEDULE I .
STAMP-DUTY ON INSTRUMENTS
(See section 3)

Description of Instrument Proper Stamp-duty

_ a) (2)

1. ACKNOWLEDGEMENT of a debt One anna.

exceeding twenty rupees in amount or

value, written or signed by, or on behalf

of, a debtor in order to supply evidence ‘

of such debt in any book (other than a

bankers’ pass-book) or on a separate piece

of paper when such book or paper is left

in the creditors’ possession: provided

that such acknowledgement does. not.

contain any promise to pay the debt or

any stipulation to pay interest or to

deliver any goods or other property.

2. ADMINISTRATION-BOND: including a
bond given under section 256 of the
Indian Succession Act, 1865 (10 of 1865),
section 6 of the Government Savings
Banks Act, 1873 (5 of 1873), section 78 of
the Probate and Administration Act, 1881
(5 of 1881), or section 9 or section 10 of
the Succession Certificate Act, 1889 (7 of

1889}—

(a) where the amount does not exceed Rs. The same duty as a Bond
1,000. (No. 15) for such amount.

(b) in any other case..... , Five rupees

3. ADOPTION-DEED, that is to say, any Ten rupees.

instrument (other than a will) recording an
adoption or conferring or purporting to confer
an authority to adopt.
ADVOCATE, See ENTRY AS AN ADVOCATE

(No. 30)
4. AFFIDAVIT including an affirmation or One rupee.
declaration in the case of persons by law
allowed to affirm or declare instead of
swearing. .

Exemptions
Affidavit or declaration in writing when made—
(a) as a condition of enrolment under the

1. Subs. by Act 18 of 1928, sec. 2 and Sch, 1, for clause (a).

38 The Indian Stamp Act, 1899 [Sch. |

(1)

(2)

Indian Army Act, 1911 (8 of 1911) (or the

*Indian Air Force Act, 1932 (14 of 1932);]

(b) for the immediate purpose of being filed or

used in any Court or before the officer or
any Court; or

{c) for the sole . purpose of enabling any

persons to receive any pension or charitable
allowance.

45. AGREEMENT OR MEMORANDUM OF

AGREEMENT

(a) if relating to the sale of a bill of

exchange;

* (b) if relating to the sale of a Government

security of share in an incorporated
company or other body corporate;

(c) if not otherwise provided for

Exemptions
Agreement or memorandum of agreement—

(a) for or relating to the sale of goods or

merchandise exclusively not being a NOTE
OR MEMORANDUM chargeable under No.
43;

(b) made in the form of tenders to the Central

Government for or relating to any loan;

Slee]

AGREEMENT TO LEASE: See LEASE (NO.

35).

‘6. AGREEMENT RELATING TQ DEPOSIT OF

TITLE-DEEDS, PAWN OR PLEDGE, _ that
is to say, any instrument evidencing an
agreement relating to—

. See now the Army Act, 1950 (46 of 1950).

. Ins. by Act 14 of 1932, see. 130 and Sch.
. See now the Air Force Act, 1950 (45 of 1950).
. Subs. by Act 6 of 1910, sec. 3, for Article 5.
. Clause (c) omitted by the A.O. 1950.
. Subs. by Act 15 of 1904, sec. 8, for Article 6.

Aa rw We
Two annas.

Subject to a maximum of ten

rupees, one anna for every

Rs. 10,000 or part thereof of

the value of the security or
share.

Eight annas.

Sch. |] The Indian Stamp Act, 1899 39

()

@)

(1) the deposit of titledeeds or instruments

constituting or being evidence of the title
to any property whatever (other than a
marketable security); or

Nie

the pawn or pledge of movable property,

where such deposit, pawn or pledge has
been made by way of security for the
repayment of money advanced or to
be advanced by way of loan or an
existing or future debt—

(a) if such loan or debt is repayable on

demand or more than three months from
the date of the instrument evidencing the
agreement,

(b) if such loan or debt is repayable not

more than three months from the date of
such instrument.

Exemption
Instrument of pawn or pledge of goods if
unattested. |

7. APPOINTMENT IN EXECUTION OF A
POWER, whether of trustees or of property,

movable or immovable, where made by any ©

writing not being a will.

8. APPRAISEMENYT OR VALUATION made

otherwise than under an order of the Court
in the course of a suit— ,

(a) where the amount does not’ exceed Rs.

1,000

(b) in any other case.

Exemptions

(a) Appraisement or valuation made for the

information of one party only, and not
being in any manner obligatory between
parties either by agreement or operation
of law.

(b) Appraisement of crops for the purpose

of ascertaining the amount to be given to
a landlord as rent.

The same duty as a Bill of

Exchange [No. 13 (b)] for the
amount secured.

Half the duty payable on a

Bill of Exchange [No. 13. (b)]
for the amount secured.

Fifteen Rupees.

The same duly as a Bond

(No. 15) for such amount.

Five rupees.

CUPNCUEINTG NR ices] ”
i 40 The Indian Stamp Act, 1899 {Sch. | Sch. |] The Indian Stamp Act, 1899

(b (2) () 2)

9. APPRENTICESHIP DEED, including every Five Rupees. (a) where the amount of value
of the The same duty as a Bol
writing relating to the service or tuition of property to which the award relates
as (No. 15) for such amount.
any apprentice, clerk or servant placed . set forth in such award does not exceed

_with any master to léarn ‘any profession, Rs. 1,000;

rd trade or employment, not being ARTICLES

OF CLERKSHIP (No. 11)

Exemption
Instruments of apprenticeship executed by a

(b) in any other case

Exemption
Award under the ‘Bombay District

Magistrate under the ‘Apprentices Act, 1850 Municipal Act, 1873, section 81, or the
(19 of 1850), or by which a person is Bombay Hereditary Offices Act, 1874,
apprenticed by or at the charge of any : section 18.

public charity. .

13. BILL OF EXCHANGE [as defined by

section 2(2) ?[**], not being a BOND,

10. ARTICLES OF ASSOCIATION OF A_ Twenty-five rupees.

bank-note or currency note—

oh COMPANY.

Exemption ape]
Articles of any Association not formed for
profit and registered under section 26 of the

t4[(b} where payable otherwise than on

Andian Companies Act, 1882 (6 of 1882). demand—

See also MEMORANDUM OF ASSOCIATION : . (i) Where payable not more than three

OF A COMPANY (No. 39). months after date or - sight—

11. ARTICLES OF CLERKSHIP or contract Two hundred and fifty if the amount of the
bill or note *[Thirty paisel].

‘ whereby any person first becomes bound rupees. does not exceed Rs. 500;
H fo serve as a clerk in order to his . ate: .
admission as an attorney in any High it exceeds Rs. 500 but does not [Sixty paise].
4 Court. : exceed Rs. 1,000;
t . .
: ASSIGNMENT. See CONVEYANCE (No. and for every additional Rs. 1,000 or [Sixty
paise].
| 23), TRANSFER (No. 62), and TRANSFER part thereof in-excess of Rs. 1,000;
a OF LEASE (No. 63), as the case may be. .
rr ATTORNEY. See ENTRY AS AN (ii) where payable more than three
a ATTORNEY (No, 30), and POWER-OF- months but not more than six
A ATTORNEY (No. 48). ‘ months after date or sight—

AUTHORITY TO-ADOPT. See ADOPTION if the amount of the bill or note {Sixty paise].
-DEED (No.3). does not exceed Rs. 500;

12. AWARD, that is to say, any decision in

writing by an. arbitrator or umpire, not

| being an award directing a partition, on a

reference made otherwise than by an order
is
i

See now the Bambay District Municipal Act, 1901 (Bom. Act 3 of 1901).

. The words “and (3)” omitted by Act 5 af 1927, sec. 5.

Item (a) omitted by Act 5 of 1927, sec. 5.

Subs. by Act 76 of 1956, sec. 4 and Sch.II, for items (b) and (c) (w.e.f 1-2-1957).

Subs. by 5.O. 130(E), dated 28th January, 2004, for “One rupee twenty five naye
paise” (w.

Vow wre

of the Court in the course of a suit—

een . 1-3-2004).
1, See now the Apprentices, Act, 1961 (52 of 1961). 6. Subs. by $.O. 130(E), dated
28th January, 2004, for “Two rupees fifty naye paise” (w.e.f
2. See now the Companies Act, 1956 (1 of 1956). 1-3-2004).

+ See footnote on next page.

42 The indian Stamp Act, 1899 [Sch. |

a Q)

if it . i
Meno eet 00S 500 but does not ‘[One rupee twenty paise].

‘and for every additional Rs. 1,000 or ‘{One rut tw i

part thereof hh exceeds of Rs. 1,000; | rupee bwenty palsel

(iii) where payable moré than six months

but not more than nine months after
date or sight—
if the amount of the bill or note *[Nin i
does not exceed Rs. 500; [Ninety paisel

if it exceeds Rs. 500 but does not [O ighty ‘pai

i cued hes 000 not *[One rupee eighty paise].

and for every additional Rs. 1,000 or *‘[On i i

part thereof th exceeds of Rs. 1,000; [One rupee elghty palse},

(iv) where payable more than nine

months but not more than one year
after date or sight—

if the amount of the bill or note ‘[On i

does not exceed Rs. 500; ey rupee twenty five

3 . if it exceeds Rs. 500 but does not ‘{T i i

iF cod Be ob [Two rupees fifty paise].

and for every additional Rs. 1,000 or {Two r fif i

part thereof qh exceeds of Rs. 1,000; [Two mupees fifty paise}

*(c) where payable at more than one

year after date or sight—

1. Subs. by S.O. 130(E), dated 28th January, 2004, for “Five rupees” (w.e.f. 1-3-
2004).
2. are S00 dated 28th January, 2004, for “Three rupees seventy five naye paise”
3. a OD S.O. 130(E), dated 28th January, 2004, for “Seven rupees fifty naye paise”
(w.e.f.
4. Subs. by S.O. 130(E), dated 28th January, 2004, for “Five rupees” (w.e.f. 1-3-
2004).
Provided that rates of stamp duty specified in column (2) on Bills of Exchange for
items (b)
and (c) in Article 13 shall not apply to usance bills of exchange or promissory
notes drawn
or made for securing ‘finance from Reserve Bank of India, Industrial Finance
Corporation of
India, Industrial Development Bank of India, State Financial’ Corporations,
Commercial
Banks and Cooperative Banks for (a) bona fide commercial or trade transactions, (b)
seasonal
agricultural operations or the marketing of crops, ar (c) production or marketing
activities of
cottage and small scale industries and such instruments shall bear the rate of
stamp duty at
one-fifth of the rate mentioned *[in column (2)] against items (b) and (c) in
Article 13 of
Schedule I of the Indian Stamp Act, 1899 (2 of 1899).
Explanation 1—For the purpose of the proviso—
(a) the expression “agricultural operations” includes animal husbandry and allied
activities
jointly undertaken with agricultural operations;
(b) “crops” include praducts of agricultural operations;
(c) the expression “marketing of crops” includes the processing of crops prior to
marketing
by agricultural producers or any organization of such producers.
Explanation 2.—The duty chargeable shall, wherever necessary, be rounded off to the
next
five paise. ‘ . .
[Vide S.O. 130(E), dated 28th January, 2004.]
* Corrected vide S.O. 522(E), dated 7th April, 2005 (w.re.f. 1-3-2004).

(1) , (2)

if the amount of the bill or note ‘'[Two rupees fifty paisel.

does not exceed Rs. 500;

if it exceed Rs. 500 but does not [Five rupees].

exceed Rs. 1,000;

and for every additional Rs. 1,000 or {Five rupees].

part thereof ‘in excess of Rs. 1,000.}

14. BILL OF LADING (including a through *{One rupee].

bill of lading).

Exemptions

(a) Bill of lading when the goods N.B.—If a bill of ~ ladin;

therein described are received’ at a drawn in parts, the prope
place within the limits of any port stamp therefor must
ts defined under the ‘Indian Ports borne by each one of the set.
Act, 1889 (10 of 1889), and are to be
delivered at another place within the
limits of the same port.

" (b) Bill of lading when executed out of

India] and relating to property to
be delivered in '[India].

15. BOND |as defined by section 2(5) not

being a DEBENTURE (No. 27) and not
being otherwise provided for by this Act,
or by the Court-fees Act, 1870 (7 of
1870}—

where the amount or value secured does Two annas

not exceed Rs. 10.

where it exceeds Rs. 10 and does not Four annas

exceed Rs. 50
Ditto 50 ditto 100 ~—s Eight annas

Ditto 100 ditto 200 «One rupee.

Ditto 200 ditto 300 One rupee eight annas.

Ditto 300 ditto 400 Two rupees.

Ditto 400 ditto 500 Two rupees eight annas.

Ditto 500 ditto 600 Three rupees.

Ditto 600 ditto 700 Three rupees eight annas.

Ditto 700 ditto 800 Four rupees,

Ditto 800 ditto 900 Four rupees eight annas.

Ditto 900 ditto 1000 Five rupees.

and for every Rs. 500 or part thereof in Two rupees eight annas.
excess of Rs. 1,000

See ADMINISTRATION BOND (NO.2)

BOTTOMRY BOND (NO. 16) CUSTOMS
BOND (NQ.26), INDEMNITY BOND (NO.
34), RESPONDENTIA _BOND (NO. 56),
‘SECURITY BOND (NO. 57).

. Subs. by S.O. 130(F), dated 28th January, 2004, for “Ten rupees” (w.e.f. 1-3-
2004).

” Subs. by 5.0. 130(E), dated 28th January, 2004, for “Tweny rupees” (w.e.f 1-3-
2004).
Subs. by $.O. 130(E), dated 28th January, 2004, for “Two rupees” (wef. 1-3-2004),

. The relevant provisions of the Indian Ports Act, 1908 (15 of 1908) to be referred
to.
. Subs. by Act 43 of 1955, sec. 2, for “the States” (w.e.f. 1-4-1956).

wart WN
44

The Indian Stamp Act, 1899 [Sch. |

Q)

(2)

Exemptions
Bond, when executed by—

(a) headmen nominated under rules framed

in accordance with the Bengal Irrigation
Act, 1876, section 99, for the due
performance of their duties under that
Act:

(b) any person for the purpose of

-- guaranteeing that the local income

derived from private subscriptions to a
charitable dispensary or hospital or any
other object of public utility shall not
be less than a_ specified sum per
mensem.

16. BOTTOMRY BOND, that is to say, any

instrument whereby the master of a
seagoing ship borrows money on the
security of the ship to enable him to
preserve the ship or prosecute her voyage

17, CANCELLATION—Instrument of (including

any instrument by which any instrument,

previously executed is cancelled), if

attested and not otherwise provided for.
See also RELEASE (NO. 55),

REVOCATION OF SETTLEMENT (NO. 58

B), SURRENDER OF LEASE (NO.61),
REVOCATION OF TRUST (NO. 648).

18. CERTIFICATE OF SALE (in respect of

each property put up as a separate lot and
sold) granied to the purchaser of any
property sold by public auction by a Civil
or Revenue Court, or Collector or other
Revenue-Officer—

(a) where the purchase-money does not

exceed Rs. 10;

(b) where the purchase-money exceeds Rs.

10 but does not exceed Rs. 25;

(c) in any other case

The same duty. as a Bond

(No. 15) for the same amount.

Five rupees.

Two annas.

Four annas,

The same duty as a

Conveyance (No.23) for a
consideration equal to the
amount of the purchase
money only.

Sch. 1]

The Indian Stamp Act, 1899 , 45

q)

(2)

20.CHARTER-PARTY, that is to say, any

instrument (except an agreemerit for the

hire of a tug-steamer) whereby a vessel
or some specified principal part thereof
is let for the specified purposes of the
charterer, whether it includes a penalty
clause or not.

2[ee*]

22.

23.

COMPOSITION-DEED, that is to say,

any instrument executed by a. debtor
whereby he conveys his property for the
benefit of his creditors , or whereby
payment of a composition or dividend
on their debts is secured to the creditors,
or whereby provisions is made for the
continuance of the debtor’s _ business,
under the supervision of inspectors or
under letters of licence, for the benefit of
his creditors.

CONVEYANCE [as defined by section

2(10)], not being a TRANSFER charged

or exempted under No, 62.—

where the amount or value of the

consideration for such conveyance as
set forth therein does not exceed Rs. 50
where it exceeds Rs. 50 but does not |

exceeds Rs. 100.

Ditto 100 ditto 200
Ditto 200 ditto 300

1. Subs by Act 43 of 1923 see. 2, for “One anna”.

2. Article 21 omitted by Act 5 of 1927, sec. 5.

‘'Two annas].

One rupees.

Ten rupees.

Eight annas.

One rupees.
Two rupees.
Three rupees.
SA tenacity

46

The Indian Stamp Act, 1899 (Sch.

a) (2)
Ditto 300 ditto 400 Four rupees.
Ditto 400 ditto 500 ‘Five rupees.
Ditto 500 ditto 600 Six rupees.
Ditto 600 ditto 700 . Seven rupees.
Ditto 700 ditto 800 Hight rupees.
Ditto 800 ~ ditto 900 . Nine rupees.
Ditto 900 ditto 1000 Ten rupees.

and for every Rs. 500 or part thereof in

excess of Rs. 1,000 :

Exemption
‘[laJAssignment of copyright by entry
made under *the Indian Copyright

Act, 1847, section 5.

4{(b) For the purpose of this article, the

portion of duty paid in respect of a
document falling under article No.
23A shall be = excluded’ = while
computing the duty payable in respect
of a corresponding document relating
to the completion of the transaction in
any union territory under this article.}

CO-PARTNERSHIP-DEED. See
PARTNERSHIP (NO.46)

223A. CONVEYANCE IN THE NATURE OF

24.

PART PERFORMANCE Contracts for the

transfer of. immovable property in the
nature of part performance in any union
territory under section 53A of the
Transfer of Property Act, 1882 (4 of
1882).]

COPY OR EXTRACT certified to be a

true copy or extract, by or by order of
any public officer and not chargeable
under the law for the lime being in
force relating ta court-fees—

G) if the original was not chargeable

with duty or if the duty with which
it was chargeable does not exceed
one rupee;

Gi) in any’ other case.

‘

Five rupees.

Ninety per cent. of the duty

as a Conveyance (No. 23).]

Eight annas

One rupee.

1. Numbered as clause (a) by Act 48 of 2001, sec. 11 (w.e.f. 24-9-2001),

2. The relevant provisions of the Indian Copyright Act, 1914 (3 of 1914) to be

referred to.
3. Ins. by Act 48 of 2001, sec. 11 (w.e.f. 24-9-2001).

Sch.

The Indian Stamp Act, 1899 47

Q)

(2)

Exemptions

(a) Copy of any paper which a public

officer is expressly required by law
to make or furnish for record in
any public office or for any public
purpose.

I(b) Copy of, or extract. from, any

register relating to births, baptisms,
namings, dedications, marriages,
[divorces], deaths or burials.]

25. COUNTERPART OR DUPLICATE of

chargeable with duty

the proper

any instrument

and in respect of which

duty has been paid —

(a) if the duty with which the original

instrument is chargeable does ‘not
exceed one rupee;

(b) in any other case.

Exemption

Counterpart of any lease granted to a

cultivator when such lease is exempted

from duty. :

26. CUSTOMS BOND—

327. DEBENTURE

1. Subs. by Act 5 of 1906, sec, 7, for clauses (b) and (c).

2.

(a) where the amount does not exceed

Rs, 1,000;

(b) in any other case.

(Whether a mortgage

debenture or not), being a marketable

security transferable— 4

(a) by endorsement or by a separate

instrument of transfer ;

(b) by delivery

Explanation——The — term “Debenture”

includes any interes coupons attached

but the amount of such coupons. shall

not be included in estimating the duty.

Exemption

A debenture issued by an incorporated

company or other body corporate in

terms of a registered mortgage-deed,

duly stamped in respect of the full

amount of debentures to be issued

thereunder, where by the company or

body borrowing. makes over, in whole

or in part, their property to trustees for

the benefit of the debentures holders:

Ins. by Act 10 of 1914, see. 2 and Sch. I.

September, 2008 (w.e.f. 1-3-2004).

The same duty as is payable
on the original.

One rupee.

The same duty as a bon

(No. 15) for such amount.
Five rupees.

0.05% per year of the fac

value of the debentur
subject. to. the maximum
0.25% or rupees twenty-fir
lakhs whichever is lower.

3. Subs. by 5.0. 130(E}, dated 28th January, 2004 az amended by S.O. 2189(E), dated
EE EEESGESGEE Na WED pel ENGR

QQ) ‘ (2)

Sch. |]

The Indian Stamp Act, 1899. . 49

Provided that the debentures so isstied

are expressed to be issued in terms of
the said mortgage-deed.]
DECLARATION OF ANY TRUST. See TRUST
(No. 64).

28. DELIVERY-ORDER IN’ RESPECT OF one anna.

GOODS, _ that is to say, any instrument

entitling any person therein named, or
his assigns or the holder thereof, to the
delivery of any goods lying in any dock
or port, or in any warehouse in which
goods are stored or deposited on rent or
hire, or upon any wharf, such instrument
being signed by or on behalf of the
owner of such goods, upon the sale or
transfer of the property therein, when
such goods exceed in value twenty
rupees.
DEPOSIT OF TITLE-DEEDS. [See
AGREEMENT RELATING TQ DEPOSIT
OF TITLE-DEEDS, PAWN OR PLEDGE
(NO.6)}.

DISSOLUTION OF PARTNERSHIP. See

PARTNERSHIP (No. 46).

29. DIVORCE— Instrument of, that is to say, One rupee

any instrument by which any person
effects the dissolution of his marriage

DOWER— Instrument of. See

SETTLEMENT (No. 58). .
DUPLICATE. See COUNTERPART
(No. 25).

30. ENTRY AS AN ADVOCATE VAKIL OR

ATTORNEY ON THE ROLL OF ANY
HIGH COURT ?2[under the Indian Bar
Councils Act, 1926, or] in exercise of
powers conferred on such | court by
Letters Patent or by the “Legal
Practitioners Act, 1884—

(a) in the case of an Advocate or vakil Five hundred rupees.

1 Subs by Act 15 of 1904, sec. 8, for “See AGREEMENT BY WAY OF EQUITABLE MORTGAGE
‘No. 6)”.

2. Ins. by Act 38 of 1926, sec. 19 and Sch.

3. Rep. by Act 1 of 1838.

Q)

(2)

31

32.

‘ (b) in the case of an Attorney

Exemption
Entry of an advocate, vakil or attorney on
the roll of any High Court when he has

previously been enrolled in a High Court.

A pote

. EXCHANGE OF PROPERTY—Instrument

of

EXTRACT. See COPY (No. 24).

FURTHER CHARGE— Instrument of,

that is to say, any instrument imposing a
further charge on mortgaged property—

(a) when the original mortgage is one of

the description referred to in clause
(a) of Article No. 40 (that is, with
possession).

(b) when such mortgage is one of the

description referred to in clause (b)
of Article No. 40 (that is, without
possession)—

(i) if at the time of execution of the

instrument of further charge
possession of the property is
given, or agreed to be given
under such instrument;

(ii) if possession is not so given

Two hundred and fifty

rupees.

The same duty as a

Conveyance (No.23) for a
consideration equal to the
value of the property of
greatest value as set forth in
such instrument.

The same duty as a

conveyance (No.23) for a
consideration equal to the
amount of the further charge
secured by such instrument.

The same duty = as a

Conveyance (No. 23) for a
consideration equal to the
total amount of the charge
(including the original
mortgage and any further
charge already made) less
the duty already paid. on
such original mortgage” and
further charge.

The same duty as a Bond

(No. 15) for the amount of
the further charge secured
by such instrument.

: 1. The entry relating to “EQUITABLE MORTGAGE” omitted by Act 15 of 1904, sec. 8.

50

The Indian Stamp Act, 1899

[sen.t

()

@)

33. GIFT—

35.

Instrument of, not

SETTLEMENT (No.58) or
TRANSFER (No.62).

being a
WILL OR

HIRING AGREEMENT or agreement for

service,
See AGREEMENT (No.5). >

. INDEMNITY-BOND

INSPECTORSHIP-DEED See
COMPOSITION-DEED (No. 22).

INSURANCE. See
INSURANCE (No.47).

POLICY OF

LEASE, including an under-lease or sub-

lease and any agreement to let or sub-
let—

(a) where by such lease the rent is fixed

and no premium is paid or
delivered—

(i) where the lease purports to be for

a term of less than one year;

(ii) where the lease purports to be for

a term of not less than one year
but not more than three years;

(iii) where the lease purports to. be for

a term in excess of three years;

(iv) where the lease. does not purport

to be for any definite term;

The same duty as a

Conveyance (No. 23) for a
consideration equal to the
value of the property as set
forth in such instrument.

The same duty as a Security-

Bond (No. 57) for the same
amount.

The same duty as a Bond

(No. 15) for the whole
amount payable or deliverable
under such lease.

The same duty as a’ Bond

(No. 15) for the amount or
value of the average annual
rent reserved.

The same duty as a

Conveyance (No. 23) for a
consideration equal to the
amount or: value of the
average annual rent reserved:

The same duty as a

Conveyance (No. 23) for a
consideration equal to the
amount or value of the
average annual which would
be paid or -delivered for the
first ten years if the lease
continued to long.

Ou ay

qd)

Q)

(v) where the lease purports to be in

perpetuity;

(b) where the lease is granted for a fine or

premium or for money advanced and

where no rent is reserved;

where the lease is granted for a fine or

premium or for money advanced in
addition to rent reserved.

Exemptions

(a) Lease, executed in the case of a cultivator

and for the purposes of cultivation

(including a lease of trees for the
production of food or drink) without
the payment or delivery of any fine or
premium, when a definite term is
expressed and such term does not exceed
one year, or when the average annual
rent reserved does “not
hundred rupees. — -

exceed one .

duty as a
Conveyance (No.23) for a
consideration equal to one-
fifth of the whole amount of
rents which . would be paid
or delivered in respect of the
first fifty years of the lease.

The same

The same duty as a

Conveyance (No.23) for a
consideration equal to the
amount or -value of such fine
or premium or advance as set
forth in the lease.

The same duty as a

Conveyance (No. 23) for a
consideration equal to the
amount or value of such
fine or premium or advance
as set froth in the lease, in
addition to the duty which
would have been payable on
such lease if no fine or
premium or advance had
been paid or delivered:

Provided that, in any case

when an agreement to lease
is stamped with the «a
valorem stamp required for
lease, and a lease ix
pursuance of such agreemen
is subsequently executed, th
duty on such lease shall no
exceed eight annas.
id:

tlie rer

| -basas-se-sgrlnadbeaceainba rece:

52

The indian Stamp Act, 1899

{Sch. |

() Q)

Om GN

Tper]
36. LETTER OF ALLOTMENT OF SHARES, *{Two annas].
in any company or proposed company,
or in respect of any loan to be raised by
any company or proposed company.
See also CERTIFICATE OR OTHER
DOCUMENT (No.19)

37. LETTER OF CREDIT, that is to say, *[One rupee].

any instrument by which one person
authorizes another to give credit to the
person in whose favour it is drawn.
LETTER OF GUARANTEE. See,
AGREEMENT (No. 5) ~

38. LETTER OF LICENCE, that is to say, Ten rupees.

any agreement between a debtor and
his creditors that the latter shall, for a
specified time, suspend their claims and
allow the debtor to carry on business at
his own discretion.

39. MEMORANDUM OF ASSOCIATION OF

A COMPANY—

(a) if accompanied by articles of Fifteen rupees.

association under section 37 of the
‘Indian Companies Act, 1882 (6 of
* 1882);

(b) if not so accompanied Forty rupees.

Exemption

Memorandum of any association not

formed for profit and registered under

section 26 of the ‘Indian Companies Act, ©

1882 (6 of 1882).

40. MORTGAGE-DEED, not being *“{AN

' AGREEMENT RELATING TO DEPOSIT
OF TITLE-DEEDS, PAWN OR PLEDGE
(No.6)] BOTTOMRY BOND _ (No.16),
MORTGAGE OF A CROP (No41),
RESPONDENTIA BOND (No.56), OR
SECURITY BOND (No. 57)—

. Exemption (b) omitted by the A.O. 1937.

. Subs. by Act 43 of 1923, sec. 2, for “One anna”.
. Subs. by 5.0. 130(E), dated 28th January, 2004 (w.e.f. 1-3-2004),
. The relevant provisions of the Companies Act, 1956 (1 of 1956) to be referred to.
. Subs. by Act 15 of 1904, sec, 8, for “AN AGREEMENT TO MORTGAGE (No. 6)”.

Q)

(2)

41.

(a) when possession of the property or

any part of the property comprised in
such deed is given by the mortgagor
or agreed to be given;

(b) when '[**] possession is not given or

agreed to be given as aforesaid;

Explanation—A mortgagor who gives

to the mortgagee a power-of-allorney
to collect rents or a lease of the
property mortgaged or part thereof, is
deemed to give possession within
the meaning of this Article.

(c) when a collateral or auxiliary or

additional or substituted security, or
by way of further assurance for the
above mentioned purpose where the
principal or primary security is duly
stamped—

for every sum secured not

exceeding Rs. 1,000;

and for every Rs. 1,000 or part

thereof secured in excess of Rs.
1,000.

Exemptions
(1) Instruments, executed by persons
taking advances under the Lands
Improvement Loans Act, 1883 (10 of
1883), or the Agriculturists’ Loan Act,
1884 (12 of 1884) or by their sureties
as security for the repayment of
such advances.
(2) Letter of hypothecation accompanying
a bill of exchange.
opens
MORTGAGE OF A CROP, including any
instrument evidencing an agreement to
secure the repayment of a loan made
upon any mortgage of a crop, whether
the crop is or is not in existence at the
time of the mortgage—

The same duty as oa

Conveyance (No.23) for a
consideration equal to the
amount secured by such
deed.

The same duty as a Bond

(No.15) for the amount *
secured by such deed.

Eight annas.

Eight annas.

1. The words “at the time of execution” omitted by Act 15 of 1904, sec. 8.
2. Exemption (3) omitted by Act 15 of 1904, sec. 8.
den. 1

54 The Indian Stamp Act, 1899 [Sch. |

qd) (2)
G) 0) en
44. NOTE OF PROTEST BY THE MASTER Light annas.
(a) when the loan is repayable not more OF A SHIP. See also PROTEST BY

than months from the date of the : THE MASTER OF A SHIP (No. 51)
instrument—

ORDER FOR THE PAYMENT OF

for every sum secured not exceeding MONEY
Rs. 200; One anna.

See BILL OF EXCHANGE (No. 13)

and for every Rs. 200 or part thereof -
secured in excess of Rs. 200. One anna. , 45. PARTITION— Instrument of Jas defined
The same duty as a Bon

(No. 15) for the amount c

by section 2(15)].
: the value of the separate

(b) when the loan is repayable more

than three months, but not .more than share or shares of th

‘[eighteen months] from the date of ‘property.
the instrument—— N.B--The largest — shai

remaining after the proper’

is partitioned (or, if the
are two or more shares
equal value and not small
‘than any of the other share
then one of such equ
shares) shall be deemed to ~
that from which the oth
shares are separated:
Provided always that~

for every sum secured not exceeding

Rs, 100; *{Two annas].
and for every Rs. 100 or part thereof
secured in excess of Rs, 100. *[Two annas].
42. NOTARIAL ACT, that is to say, any
instrument, endorsement, note, attestation,
certificate or entry not being a
PROTEST (No. 50) made or signed by a
Notary Public in the execution of the (a)
duties of his office, or by any other
person lawfully acting as a Notary
Public. :

One rupee.

when an instrument
partition containing
agreement —~ to divi
property in severalty
executed and a_partit
See also PROTEST OF BILL OR NOTE is effected in pursua:
(No. 50). of such agreement,

duty chargeable upon

instrument effecting
partition ‘shall be redu
by the amount of d
paid in respect of
first instrument, but s
not be less than e
annas;

[43. NOTE OF MEMORANDUM sent by a

Broker or Agent to his principal
intimating. the purchase or sale on
account of such © principal—
Two annas.

(a) of any goods exceeding in value

twenty rupees; |

where land is held

Revenue Settlement fc

Re

{b) of any stuck or marketable security Subject to a maximum of ten

exceeding in value twenty rupees.

1. Subs. by Act 5 of 1906, sec. 7, for “One year”.

2. Subs. by Act 15 of 1904, sec. 8, for “Four annas”.

3. Subs. by Act 6 of 1910, sec. 3, for Article 43.

Tupees, one anna for every

Rs. 10,000 or part thereof: of
the value of the stock or
security].

fe

period not exceer

thirty years and pa’
the full assessment,
value for the purpos
duty shall be calcul
at not more than

times the annual reve

5 6. The Indian Stamp Act, 1899

[Sch. |

a)

(2)

(c) where a final order: for

46. PARTNERSHIP—
A—INSTRUMENT OF-—

effecting a partition
passed by any Revenue-
authority or any Civil
Court, or an award by
an. arbitrator directing a
partition, is stamped with
the stamp required for
an instrument of partition,
and an instrument . of
partition in pursuance of
such order or award. is
subsequently executed, the
duty on such instrument
shall not exceed eight
annas. :

‘(a) where the capital of the partnership: does Two rupees eight annas.

not exceed Rs. 500;

“({b) in any other case

B—DISSOLUTION OF
‘PAWN OR PLEDGE See AGREEMENT
RELATING .TO DEPOSIT OF TITLE-
DEEDS, PAWN OR PLEDGE (No. 6).]

47.. POLICY. OF INSURANCE—

(1) for or upon any:woyage—

@)- where «the: *premium or consideration 4[Five paise].

does hotrexceed the rate of 3[**] one-

eighthasper!: centum of the amount
insured by the: policy;

(ii) in any: other case, in’ respect of every [Five paise].

full sum -of, “lone thousand five

hundred rupees] and also any fractional
part of ‘fone thousand five hundred
rupees] insured by the policy;

. Ins. by Act 15 of 1904, sec. 8.

. Subs. by Act.5 of 1906, sec 7, for Divisions A and B.
If drawn
2[A—SEA INSURANCE (See section 7) singly

Ten rupees.

Five rupees.

Tf drawn in
duplicate, for
each part.

5[Five paise].

5[Five paise].

‘The words. “fifteen naye paise or” omitted by Act 14 of 1961, sec. 16.

Subs. by $.0. 130(E), dated 28th January, 2004, for Ten naye paise” (w.e.f. 1-3-
2004).

Subs. by S.O. 130(E), dated 28th January, 2004, for “Five naye paise” (w.e.f. 1-3-
2004).
_ Subs. by Act 18 of 1928, sec. 2. and Sch, I, for “one thousand rupees”,

rl we
sen. |} Ne INUIT Osi aus LOFT rs

for any time not exceeding six

months;

where the insurance shall be made

for any time exceeding six months
and not exceeding twelve months.

_ INSURANCE, NOT
ELSEWHERE INCLUDED IN THIS
ARTICLE, COVERING GOODS,
MERCHANDISE, PERSONAL. EFFECTS,
CROPS AND OTHER PROPERTY
AGAINST LOSS OR DAMAGE]—

CLASSES OF

(1) in respect of an original policy—

(i) when the sum insured does not

exceed Rs. 5,000;

(ii) in any other case; and

(2) in respect . of each receipt for any

payment of a premium: on any
renewal of an original policy.

C—ACCIDENT AND ‘SICKNESS

INSURANCE—

(a) against railway accident, valid for a single

journey only.

Aue wn

B. “TEIRE-INSURANCE” AND OTHER .

~ (2)
(2) for time-—
(iii) in: respect of every full sum of one
thousand rupees and. also any
fractional part of one thousand rupees
insured by the policy-—
where the insurance shall be made ‘'[Ten paise]. . *[Five paise].

{Ten paise]. ‘[Five paise].

5[Twenty-five paise].

S{Fifty paise].

One-half of the duty payable

in respect of the original
policy in addition to the
amount, if any chargeable
under No. 53.

[Five paise].

Subs. by $.O. 130(F), dated 28th January, 2004, for “Fifteen naye paise” (w-e.f. 1-
3-2004).
Subs. by $.O. 130(E), dated 28th January, 2004, for “Ten naye paise” (week 143-
2004).

Subs. by 8.0, 130(E), dated 28th January,.2004, for.“Twenty-five naye paise”

(w.e.f. 1-3-2004).
Subs. by Act 43 of 1923, sec. 2, for “FIRE INSURANCE”. .

. Subs. by $5.0. 130(E), dated 28th January, 2004, for “Fifty naye paise” (w.e.f 1-
3-2004).

. Subs. by $.O. 130), dated 28th January, 2004, for “One rupee” (w.e.f. 1-3-2004).

ssi sbeebs taidne ndicciaitaaiiiaim

ores

Pi aD

EAR IRREE AE

WEEE
' 58 The indian Stamp Act, 1899 [Sch. |

dy (2)

Exemption
When issued to a passenger travelling by
the intermediate or the third class in any
railway;

(b) in any other case-—for the maximum {Ten paise:]

amount which may become payable in the *[Provided that, in case of a
case of any single accident or sickness policy of insurance against
where such amount does not exceed Rs. death by accident when the

1,000, and also where such amount annual premium payable

exceeds Rs. 1,000 for every Rs. 1,000 or does not exceed *[Rs. 2.50]
part thereof. per Rs. 1,000, the duty on

such instrument shall be ‘[five

paise] for every Rs. 1,000 or
part thereof the maximum
amount which may become
payable under it]

s{CC. INSURANCE BY WAY OF INDEMNITY ‘[Five paise].

against liability to pay damages on account
of accident to workmen employed by or
under the insurer or against liability to
pay compensation under the Workmen's
Compensation Act, 1923 (8 of 1923), for
every Rs. 100 or part thereof payable as

_ premium. .
‘(D. —LIFE INSURANCE ~ 47OR GROUP If drawn If drawn in .
INSURANCE OR OTHER INSURANCE] NOT singly duplicate, for
SPECIFICALLY PROVIDED FOR, except such each part

a RE-INSURANCE, as is described in
Division E of this article— ~ ,

(i). for every sum insured not exceeding Rs. ‘[Ten paise.] ‘[Five paise].

(ii) for every sum insured exceeding Rs. 250 '[Ten paise.] ‘[Five paise]
but not exceeding Rs. 500; :

_ Subs. by $.0. 130(E), dated 28th January, 2004, for “Fifteen naye paise” (w.ef.
1-3-2004),
. Subs. by Act 18 af 1928, sec. 2 and Sch. 1.

Subs. by Act 19 of 1958, sec 13, for “Rupees 2-8-0” (w.e.f. 1-10-1958).

Subs, by 5.0. 130(E), dated 28th January, 2004, for “Ten naye paise” (w.e.f. 1-3-
2004).
Ins. by Act 15 of 1925, sec. 2.

. Subs. by Act 18 of 1928, sec. 2 and Sch. I, for Division D.

. Subs. by Act 43 of 1955, sec. 7, for “OR OTHER INSURANCE” (w.e.f. 1-4-1956).

NQU PoP

Sch. !] The indian Stamp Act, 1899 59

(Q) (2)

SN AW e WN

(ili) for every sum insured exceeding Rs. 500 ‘[Twenty paise.]-"[Ten paisel].

but not exceeding Rs. 1,000 and also for

every Rs. 1,000 or part thereof in excess

of Rs. 1,000.
3IN.B.—If a policy of group
Insurance _ is renewed or
otherwise modified whereby
the sum insured exceeds the
sum previously insured on
which — stamp-duty has been
paid, the proper stamp must
be borne on the excess sum
so insured]

Exemption
Policies of life- insurance granted by the
Director General of | Post-Offices in.
accordance. with rules for Postal life
Insurance issued under the authority of
the Central Government.]

E. RE-INSURANCE BY AN INSURANCE One quarter of the duty

COMPANY, which has granted a payable in respect of the
POLICY “fof the nature specified in original insurance but not less
Division A or. Division B of this than ‘ffive paise] or more
Article], with another company by way than ‘[fifty paise]:
of indemnity or guarantee against the [Provided that if the total
payment on the original insurance of a amount of duty payable is
certain part of the sum insured thereby. not a multiple of five fe!

paise, the total amount shal!

be rounded off to the nexi
higher multiple of five 9[***
paise].

. Subs. by 5.0. 130(E), dated 28th January, 2004, for “Fourty naye paise” (w.e.f,
1-3-2004).

Subs. by 5.0. 130(E), dated 28th January, 2004, for “Twenty naye paise” (w.e.f 1-3-
2004).
Ins. by Act 43 af 1955, sec. 7 (we.f. 1-4-1956).

Subs. by Act 43 of 1923, sec. 2, for “of Sea Insurance of a Policy of Fire
Insurance”.
Subs. by 5.O. 130(E), dated 28th January, 2004, for "Ten naye paise” (w.e.f. 1-3-
2004).
Subs. by S.O. 130(8), dated 28th January, 2004, for “One rupee’ (w.e.f. 1-3-2004).

Ins. by Act 14 of 1961, sec. 16.

Omitted by S.O. 130(E), dated 28th January, 2004 (w.e.f. 1-3-2004),

60

The indian Stamp Act, 1899

: [Schi |

(@)

(2)

48.

(g)

7149.PROMISSORY NOTE [as

General Exemption
Letter of cover or engagement to issue a
policy of insurance:

Provided that, unless such letter or

engagement bears the stamp prescribed
by this Act for such policy, nothing shall
be claimable thereunder, nor ‘shall it be
available for, any purpose, except to
compel the delivery of the policy therein
mentioned.

POWER OF ATTORNEY [as defined b

section 2(21)] not being a PROX
(No.52)—

when executed for the sole purnose of

procuring the registration one c', more
documents in relation to a_ single
transaction or for admitting execution of
one or more such documents;

when required in suits or proceedings

under the Presidency Small Cause Courts
Act, 1882 (15 of 1882);

when. authorizing one person v1 more to

act in a single transaction other than the
case mentioned in clause (a);

when authorizing not more than five

persons to act jointly and severally in
more than one transaction. or genera ly;

when authorizing more than five but not

more than ten persons to act jointly and
severally in more than one transaction

or generally;

when given for consideration and

authorizing the attorney to sell any
immovable property;
in any other case.

Explanation. For the purposes of this

Article more persons than one when
belonging to the same firm. shall be

deemed to be one person.

defined by
section 2(22)J—

Eight annas.

Eight annas.
One rupee.
Five rupees.

Ten rupees.

The same duty asa

Conveyance (No. 23) for, the
amount of the consideration.

One rupee. for

each person
authorized.

N.B.—The term ‘registration’

includes every operation

incidental to registration
under the Indian
Registration Act, . 1877( 3 of

1877)];

1. The relevant provisions of the Indian Registration Act, 1908 (16 of 1908) to be
referred to.
2. Subs. by Act 43 of 1923, sec. 2, for the Article 49.

4
of
a
4
4
ca
%
Me
4

aia ee

arte oat

se eens

Soli. I The Indian Stamp Act, 1899 61

Q) (2).
(a) when payable on demand— :
(i). when the amount or value does not ‘[Five paise.]
exceed Rs. 250;
(ii) when the amount or value. exceeds. {Ten paise.]
Rs. 250 but does not exceed Rs.
_ iii) in any other case. [Fifteen paise.]
One-fifth of the du as

51. PROTEST BY THE

+1(b) where payable otherwise than on

£ yi

deman

50. PROTEST OF BILL OR NOTE, that is to

say, any declaration in writing made

by a Notary Public; or other person
lawfully acting as such attesting the
dishonor of a Bill of Exchange or
romissory note.

MASTER OF A
SHIP, that is to say, any declaration of
the particulars of her voyage drawn wy
by him with a view to. the adjustment
of losses of the calculation of averages
and every declaration in writing made
by him against the charterers of the
consignees for not loading or unloading
the ship,- when such ‘declaration is
attested or certified by a Notary Public
or other person lawfully acting as
such.

applicable to Bill of Exchange

(No.13 of Schedule I) for the .

same amount
otherwise on demand.

One rupee.

One rupee.

ayable

. Subs. by 5.0. 130(B), dated. 28th January, 2004, for “Ten naye paise” (w.e.f. 1-
3-2004).

PON

September, 2008 (w.ef. 1-3-2004).

. Subs. by 5.0. 130(E), dated 28th January, 2004, for “Fifteen naye paise” (w.e.f.
1-3-2004).
. Subs. by $.0. 130(E), dated 28th January, 2004, for “Twenty-five naye paise”
(w.e.f. 1-3-2004).

. Subs. by $.O. 130(E), dated 28th January, 2004 as amended by S.O. 2189(E), dated
12th

Provided that rates of stamp duty specified in column (2) on Bill of Exchange for
items (b)
and (c) in article 13 and on promissory Note for items (b) of Article 49 shall not
apply to
usance bills of exchange or promissory notes drawn or made for securing finance
from
Reserve Bank of India, Industrial Finance Corporation of India, Industrial
Development Bank
of India, 5tate Financial Corporations, Commercial Banks and Cooperative Banks for
(a) bona
fide commercial or trade transactions, (b) seasonal agricultural operations or the
marketing of
crops, ot (c) production ot marketing activities of cottage and smail scale
industries and such
instruments shall bear the rate of stamp duty at one-fifth of the rate mentioned in
column (2)
against items (b) and (c) in Article 13 and item (b) in Article 49 of Schedule I of
the Indian

Stamp Act, 1899 (2 of 1899).

Explanation 1.—-For the purpase of the proviso—

(a) the expression “agricultural operations” includes animal husbandry and allied
activities

jointly undertaken with agricultural operations;

(b) “crops” include products of agricultural operations;

(c) the expression “marketing of crops” includes the processing of crops prior to
marketing

by agricultural producers or any organization of such producers.

Explanation 2.—The duty chargeable shall, wherever necessary, be rounded off to the
next five

aise,

[Vide S.0. 130(E), dated 28th January, 2004 and as corrected by S.O, 522(E), dated
7th April,

2005 (w.r.e.f. 1-3-2004).]

EMAAR RGN se 4S

eed!) tit
The indian Stamp Act, 1899 Seb. 1

_ Sch. |] The Indian Stamp Act, 1899

(h) (2)
_ (1) (2)
See also NOTE OF PROTEST BY THE <a : ce
MASTER OF A SHIP (No. 44). they existed immediately before the Ist

November, 1956] of Inam_ lands;

32, PROXY empowering any person to vote {Fifteen paise.]

at any one election of the members of a (d) for pay or allawances by non-
district or local board or of a body of commissioned ‘or petty] officers,
municipal comnussioners, or at any one *[saldiers, '[sailors}] or airmen} of
2{Indian
meeting of (a) members of an military, ‘[naval] or air forces], when
incorporated company or other body serving in such capacity, or by mounted
corporate whose stock or funds is or police constables;
are divided into shares and transferable,
(b) a local authority, or (¢) propretietors, (e) given by holders of family
certificates in
members or contributors to the funds of : cases where the person from whose pay
any institution. or allowances the stm comprised in the
° receipt has been assigned is a non-

53. RECEIPT [as defined by section 2(23)] for {One rupee.] commissioned Tor petty]
officer, ‘soldier,
any money or other property the amount '[sailor] or airman], of '[any of the said
or value of which exceeds *[five thousand forces], and serving in‘such capacity;
rupees. . (f) for pensions or allowances by persons,

Exemptions : receiving such pensions or allowances

Receipt— : in respect of their service as such non-

comunissioned Nor petty]. officers,

(a) endorsed on or contained in any ‘[soldiers, ‘[sailors] or airmen], and not

instrument — duly stamped. Nor any serving the Government in any other
instrument exempted] under the proviso capacity;
to section 3 (instruments executed on ;
behalf. of the Government) “[or’ any : (g) given by a headman or lambardar for
cheque or bill of exchange payable on land revenue or taxes collected by him;
demand] acknowledging the receipt of ; ; ; 7
the consideration money, Interest or : (h} given for money or securities for money
annuity or other periodical payment : deposited in the hands of any banker to

. thereby secured; be accounted for:

. ¢ wi Trovided that the same is not expressed

(b) for ideo wae of money without . to be received of, or by the hands of, any
considerauo™ other than the person to whom the same is
. ¢ i to be accounted for:

(ce) for any payment Cand a . Provided also that this exemption shall
Oe ernment nevenue or ofin the States not extend to a receipt or acknowledgement
oe Madras, Bombay and Andhra) “[as for any sum paid or deposited for or upon

a letter of allotment of a share, or in respect

L. Subs. by SO. 130 (E), dated 28th January, 2004, for'"Thirty paise” (wef. 1-3-
2004). | of @ call “upon any, scrip or share of, or in,

>. Subs. by Act 32 of 1994, sec. 99, for “Twenty paise” (w.e.f. 43-5-1994), ne Le .
;

3 cube by ‘act 23 of 2004, sec. 117, for “five hundred rupees” (w.ef, 10-9-2004).
1. Ins. by Act 35 of 1934, see 2 and Sch. Lo 7 _
bs. by Act 18 of 1928, sec. 2, and Sch. I, for “or exempted”. : 2. Subs. by Act 10
of 1927,.sec. 2 and Sch. 1, for “or soldiers”,

4. Subs. Dy ¢ 3. Subs: by Act 10 of 1927, sec. 2 and Sch. 1, for “Her Majesty’s
Army or Her Majesty’‘s Inc

5. Ins. by Act 18 of 1928, sec. 2 and Sch. 1. ; vin the Amy”. ,

6. Subs. by the Andhra (Adaptation of Laws on Union subjects) Order, 1954, for “in
the !

4. Subs. by Act 10 of 1927, sev. 2 and Sch. 1, for “or soldier.”

. Subs. by Act 10 of 1927, sec. 2 and Sch. 1, for “either of the said Armies’.

Presidencies of Fort St. George and Bombay” (w.ef, 1-10-1953).

7. Ins. by the A.O. (No. 2) Order, 1956.
The Indian Stamp Act, 1899

{Sch. |

(i)

(2)

No.

1.
2.

any incorporated company or olher body

corporate or such‘ proposed or intended
company or body or in respect of a
debenture being a marketable security.

1See also POLICY OF INSURANCE

47B(2)].] ,

54. RECONVEYANCE OF MORTGAGED

PROPERTY—

(a) if the «consideration for which the

property was mortgaged does not exceed
Rs. 1,000;

(b) in any other case

55. RELEASE, that is to say, any instrument

mot being such a release as is provided

for by section 23A)] whereby .a person

renounces a claim upon another person

or against any specified property—

(a) if the amount or value of the

claim does not exceed Rs. 1,000;

(b) in any other case

56. RESPONDENTIA BOND, that is to say,

any instrument securing a loan on the
cargo laden or to be laden on board a
ship and making repayment contingent
on the arrival of the cargu at the port of
destination.

REVOCATION OF ANY TRUST OR

SETTLEMENT.

See SETTLEMENT (No.38); TRUST (No. 54)

57. SECURITY BOND OR MORTGAGE

DEED, executed by way of security for
the due execulion of an office, or lo
Ins. by Act 5 of 1906, sec. 7.
Ins. by Act 15 of 1904, sec. 8,

The same duty as a

Conveyance (No. 23) for the
amount of such consideration
as set forth in the
Reconveyance.

Ten rupees.

The same duty as a Bond

(No. 15) for such amount or
value as set forth in the
Release.

Five rupees,
The same duty .as a bond

(No. 15) for the amount of

the loan secured.

|
i
a

Sch. I]

The Indian Stamp Act, 1899

()

(2)

account for money or other property

received by virtue thereof or executed
by a surety to secure the due
performance of a contract—

(a) when the amount. secured does not

exceed Rs. 1,000;
(b) in any other case

Exemptions

Bond or other instrument, when executed—

(a) by headmen nominated under rules

framed in accordance with the
Bengal Irrigation Act, 1876, section
99, for the due performance of their
duties under that Act;

(b) by any person for the purpose of

guaranteeing that the local income
derived from private subscriptions
to a charitable dispensary or hospital
or any other object of public utility
shall not be less than a_ specified
stun per mensem,

(c) under No. 3A of the rules made by

the '[State Government] under section
70 of the Bombay Irrigation Act,
1879;

(d) executed by persons taking advances

under the Land Improvement

Loans Act, 1883 (19 of 1883), or the

Agriculturists’ Loans Act, 1884 (12 of

1884), or by their sureties, as

security for the repayment of such

advances;

(fe) executed by officers of [the

Government] or their sureties to
secure the due execution of an office
or the due accounting for money or
other property received by’ virtue
thereof.

cane)

Subs. by the A.O, 1937, for “Government”

Subs. by the A.O. 1950, for “Crown”,

The same duty as a Bond

(No. 15) for the amount
secured.

Five rupees.

Subs. by the A.O. 1937, for “Governor of Bombay in Council”.

2
i
3
£
i
3
ba
;

He Pr UGd ep dials

ES
=
z
+
66 Tha Indian Stamp Act, 1899 {Sch. |
a) (2)
58. SETTLEMENT— The same duty as a Bond
A. —INSTRUMENT OF (including a deed of (No.15) for a sum equal to
dower). : the arnount or value of the
property settled as set forth
in such settlement:
Provided that, where an
agreement to settle is stamped
with the stamp required for
an instrument of settlement,
and an instrument of
selllement in pursuance of
such agreement is
subsequently executed, the
duty on such instrument
shall not exceed eight annas.
Exemption
(a) Deed of dower executed on the occasion
of a marriage between Muhammadans
I pree]
The same duty as a Bond
B. -—-REVOCATION OF— (No.15) for a sum equal to
the amount or value of the
property concerned as _ set
forth in the Instrument — of
Revocation but not exceeding
See also TRUST (No.64). ten rupees.

* 59. SHARE WARRANTS, to bearer issued “[One and a half times] duty
under the ¢Indian Companies Act, 1882 (6 payable on a Conveyance
of 1882). {(No.23) for a consideration

equal to the nominal amount

of the shares specified in the
wattant.
Exemption
Share warrant when issued by a company
in pursuance of the “Indian Companies Act,
1882 (6 of 1882), section 30, to have effect
enly upon payment, as composition for that
duty, to the Collector of Stamp-revenue, of——
(a) [One and a halt] per centum of the
whole subscribed capital of the
company, or
1. Exemption (b) omitted by the 4.0, 1937
2. The relevant provisions of the Companies Act, 1956 (1 of 1956) to be referred
to.
3. Subs. hy Act 6 of 1910, sec. 3, for “Three quarters of”,
4

. Subs. by Act 6 of 1910, sec. 3, for “Three-quarters",

Sch. |]

The Indian Stamp Act, 1899 .

a)
(2)

(b) if any company which has paid the

said duty or composition in full,
subsequently issues an addition to ‘its
subscribed capital— '[one and a half]
per centum of the additional capital
so issued.

SCRIP. See CERTIFICATE (No. 19).

60. SHIPPING ORDER for or relating to

the conveyance of goods on board of any
vessel.

61. SURRENDER OF LEASE—

(a) when the duty with which the Jease

is chargeable does rot exceed - five
rupees.

(b) in any other case

Exeniption .
Surrender af lease, when such lease is
exempted from duty.

62. TRANSFER (whether with or without

consideration)—

*{(ajof shares in an incorporated company

or other body corporate;

(b) of debentures; being marketable

securities, whether the debenture is liable
to duty or not, except debentures
provided for by section 8; :

(c) of any interest sectired by a bond,

mortgage-deed or policy of insurance,—
Q) if the duty on such bond,
mortgage-deéd or policy does not
exceed five rupees;
(ii) in any other case
(d) of any property under the *Administralor
General’s 1874 (2 of 1874), section 31;
(e) of any . trust-property without
consideration from one trustee to another
trustee or from a trustee to a beneficiary

Subs. by Act 6 of 1910, sec. 3, for "Three-quarters".

One anna.

The duty with which

lease is chargeable.

Five rupees.
[Twenty-five paise] for
hundred rupees or
thereof of the value a

share.]
One-half] of the
payable om a conv

(No. 23) for a consid !

equal to the face amo
the debentures.

The duty with which

bond, mortgage-deed or
of imsurance is chargeal
Five rupees.
Ten rupees,

Five rupees or such :

amount as may be cha:
under clauses . {a} ta
this Article]

1
2. Subs. by Act 43 of 1955, sec. 7, fur clause (a) (w-e.f. 1-4-1956).

3. Subs. by 5.0. 130(F), dated 28th January, 2004, for “Seventy-five naye paise”
(w.ef 1-
a

. Subs. by Act 6 of 1910, sec. 3, for “One- quarter”

The relevant provisions of the Administrator General's Act, 1913 (3 of 1913) 7

Administrators Gencral Act, 1963 (45 of 1963) to be referred to

Mortga

Mi
Transfe
transfe
Transh
Controi
Alchoh

and t
charg

duty

“S)
Ac

freee ee ees a cent

68

The indian Stamp Aet, 1899 I&

(1)

Exemptions

Transfers by endorsement—

{a) of a bill of exchange, cheque or

promissory note;

(b) of a bill of lading, 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.

See also section 8.

63. TRANSFER OF LEASE by way of

assignment and not by way of under-
lease.

Exemption
Transfer of any lease exempt from duty.
64. TRUST—

A. — DECLARATION OF— of, a

concerning, any property when made
by any writing not being a WILL

(B.) — REVOCATION OF-— or,

concerning, any property when made

by any instrument other than a
WILL.
See also SETTLEMENT (No. 58).
VALUATION. See APPRAISEMENT
(No. 8).

VAKIL. See ENTRY AS A VAKIL

(No. 30).

65. WARRANT FOR GOODS, that is to

say, any instrument evidencing the title
of any person therein named, or his
assigns, or the holder thereof, to the
property in any goods lying in or upon
any dock, warehouse or wharf, such
instrument beingx signed or certified by
or on behalf of the person in whose
custody such goods may be.

SCHEDULE Il—Enactments repealed.—[Rep.

by the Repealing and Amending Act, 1914 (10 of

1914), sec. 3 and Sch. IL]

The same duty = as

Conveyance (No. 23) fa
consideration equal to'l
amount of the considera
for the transfer. i

The same duty as a B

(No. 15) for a sum equal
the amount or value of!
property concerned as »}
forth in the instrument}
not exceeding fifteen rupee

The same duty as a Bk

(No. 15) for a sum equal:
the amount or value oft
property concerned as!
froth in the instrument |
not exceeding ten rupees.

Four annas.