INDIAN STAMP ACT, 1899-9

Tue Jun 20 1899 | Procedural and Administration | Comments (0)

Like

Year : 1899

Exemption

 

Assignment of copyright under the Indian Copyright Act, 1957.

Act XIV of 1957

CO-PARTNERSHIP DEED See

Partnership (No. 46).

 

24. COPY OR EXTRACT certified to be true copy or extract by or by order of any public officer and not chargeable under the law for the time being in force relating to court fee –

 

i. if the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed one rupees;

Two rupees and five paise.

ii. in any other case not falling within the provision of section 6A.

Four rupees.

Exemption

 

(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.

 

 

Description of instrument

Proper stamp- duty

(b) Copy of, or extract from any register relating to births, baptisms, naming, dedications, marriages, divorces, deaths or burials.

 

25. COUNTERPART OR DUPLICATE of any instrument, chargeable with duty and in respect of which the proper duty has been paid-

 

(a) if the duty with which the original instrument is chargeable does not exceed two rupees;

The same duty as is payable on the original.

(b) In any other case not falling within the provisions of section 6A.

Four rupees.

Exemption

 

Counterpart of any lease granted to a cultivator, when such lease is exempted from duty.

 

26. CUSTOMS-BONDS-

 

(a) Where the amount does not exceed Rs.1,000;

The same duty as Bond (No.15) for such amount.

(b) in any other case.

Twenty-six rupees forty paise.

27. DELIVERY ORDER IN RESPECT OF 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.

Thirty paise.

 

Description of instrument

Proper stamp- duty

DEPOSIT OF TITLE DEEDS

 

See Agreement relating to Deposit of Title deeds, Pawn or Pledge (No.6).

 

DISSOLUTION OF PARTNERSHIP-See

partnership (No.46).

 

29. DIVORCE. Instrument of, that is to say, any instrument by which any person effects the dissolution of his marriage.

Thirteen rupees twenty paise.

DOWER.....Instrument of, see settlement (No.58).

 

DUPLICATE.- see counterpart (No.25).

 

31. EXCHANGE OF PROPERTY.-Instrument of.

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

EXTRACT.- see copy (No.24).

 

32.FURTHER CHARGE- Instrument of, that is to say, any instrument imposing a further charge on mortgaged property-

 

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

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

(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 property is given or agreed to be given under 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 to such original mortgage and further

charge.

 

ii. If possession is not so given.

The same duty as a Bond (No.15) for the amount of the further charge secured by such

instrument.

33.GIFT- Instrument of, not being a settlement (No.58), or will or Transfer (No.62).

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

HIRING AGREEMENT.-Or agreement for service see Agreement (No.5).

 

34.IDEMNITY BOND

 

INSPECTORSHIP DEED or Composition-Deed (No.22).

The same duty as a security Bond (No.57) for the same amount.

35. LEASE- including and under lease or sub-lease and any agreement to let or sub-let:

 

(a) whereby 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.

The same duty as a Bond (No.15) for the whole amount payable or deliverable under such lease.

ii. where the lease purports to be for a term of not less than one year but not more than five years;

The same duty as a Bond (No.15) for the amount or value of the average annual rent reserved.

iii. where the lease purports to be for a term exceeding five years and not exceeding ten years;

The same duty as a conveyance (No.23) for a consideration equal to the amount or value of the average annual rent reserved.

iv. where the lease purports to be for a term exceeding ten years, but not exceeding twenty years;

The same duty as a conveyance (No.23) for a consideration equal to twice the amount or value of the average annual rent reserved.

v. where the lease purports to be for a term exceeding twenty years, but not exceeding thirty

The same duty as a conveyance (No.23) for a consideration equal to three times the amount

 

years;

or value of the average annual rent reserved.

vi. where the lease purports to be for a term exceeding thirty years, but not exceeding one hundred years;

The same duty as conveyance (No.23) for a consideration equal to four times the amount or value of the average annual rent reserved.

vii. where the lease purports to be for a term exceeding one hundred years or in perpetuity.

The same duty as a conveyance (No.23) for a consideration equal in the case of a lease granted solely for agricultural purposes to one-tenth and in any other case to one-sixth of the whole amount of rents which would be paid or delivered in respect of the first fifty years of the lease.

viii. where the lease does not purport to be for any definite term;

The same duty as conveyance (No.23) for a consideration equal to three times the amount of value of the average annual rent which would be paid or delivered for the first ten years if the first ten years if the lease continued so long.

(b) where the lease is granted for a fine or premium, or for money advanced and where no rent is reserved;

The same duty as a conveyance (No.23) for a consideration equal to the amount or value for such fine or premium or advance as set forth in the lease.

(c) where the lease is granted for a fine or premium , or for money advanced in addition to rent reserved.

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, in addition to the duty which would have been payable 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 ad volorem stamp required for a lease, and

a lease in pursuance of such agreement in subsequently

 

executed the duty on such lease shall not exceed one rupee and fifty-five paise.

Exemption

 

Lease, executed in the case of a cultivator and for the purpose of cultivation (including a lease of trees for the production of food or drinking). Without 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 exceed

one hundred rupees.

 

In this exemption a lease for the purpose of cultivation shall include a lease of lands for cultivation together with a home stand or tank.

 

Explanation.-When a lessee undertakes to pay any recurring charge, such a Government revenue landlord’s share of cesses, or the owner’s share of municipal rates or taxes, which is by law recoverable from the lessor, the amounts so agreed to be paid by lessee shall be deemed to be part of the rent.

 

36. LETTER OF ALLOTMENT OF SHARES, in any company or proposed company or in respect of any loan to be raised by any company or proposed company.

Thirty-five paise.

See in also CERTIFICATE OR OTHER DOCUMENT (No.19).

 

38. LETTER OF LICENSE, that is to say any agreement between a debtor and his creditors that the letter shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.

Twenty-six rupees forty paise.

39. MEMORANDUM OF ASSOCIATION OF A COMPANY-

 

 

(a) if accompanied by articles of association under section 26 of the

Companies Act, 1956;

Seventy-nine rupees twenty paise.

Act I of 1956.

(b) if not so accompanied-

   

i. where the nominal share capital does not exceed one lakh of rupees;

One hundred ninety-eight rupees.

 

ii. Where the nominal share capital exceeds one lakh of rupees.

Three hundred thirty rupees.

 

Exemption

   

Memorandum of any association not formed for profit and registered under section 25 of the Companies Act, 1956.

 

Act I of 1956

40. MORTGAGE-DEED not being an Agreement relating to Deposit of Title Deeds, Pawn or Pledge (No.6), Bottomry Bond (No.16) Mortgage of Crop (No.41), Respondentia Bond (No.56) or Security Bond (No.57).

   

(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;

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

 

(b) when possession of the property or any part of the property comprised in such deed is not given by the mortgagor nor agreed to be given;

The same duty as a Bond (No.15) for the amount secured by such deed.

 

Explanation – A mortgagor who gives to the mortgagee a power of attorney to collect rents or a lease of the property mortgaged or part thereof is deemed to give possession within the meeting of this article;

   

 

Description of instrument

Proper stamp- duty

(c) (i) 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.

(ii) and for every Rs.1,000 or part thereof secured in excess of Rs.1,000.

Two Rupees.

Two rupees forty paise.

Exemption

(d) Instruments executed by persons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturist’s Loan Act, 1884, or by their sureties as security for the repayment of such advances.

Act XIX of 1883.

Act XLI of 1884

(2) Letter of hypothecation accompanying a bill of exchange.

 

41. MORTGAGE OF 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 –

 

(a)when the load is repayable not more than three months from the date of the instrument.

 

for every sum secured not exceeding Rs.200,and

Thirty-five paise.

for every sum Rs.200 or part thereof secured in excess of Rs.200.

Fifty paise.

(b) when the loan is repayable more than three months, but not more than eighteen months from the

date of instrument-

 

 

for every sum secured not exceeding Rs.

100, and

Fifty-five paise.

for every Rs.100 or part thereof secured in excess of Rs.100.

Fifty-five paise.

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 duties of his office, or by and other person lawfully acting as a Notary Public.

Three rupees and ninety five paise.

See also Protest of Bill or Note (No.50).

 

43. NOTE OR MEMORANDUM, sent by a Broker or Agent top his principal intimating the purchase or sale on account of such principal-

 

(a) of any goods exceeding in value twenty rupees;

Sixty-five paise.

(b) of any stock or marketable security exceeding in value twenty rupees.

Seventy-five paise for every Rs. 5, 000 or part thereof of the value of the stocks or security subject to a maximum of thirty-three rupees.

44. NOTE OF PROTEST BY THE MASTER OF A SHIP- See also Protest by the Master of Ship (No.51).

Two rupees and sixty paise.

Order for the payment of money- See

Bill of Exchange (No.13).

 

45. PARTITION – Instrument of [as defined by Section 2 (15)].

The same duty as a Bond (No.45) for the amount of the value of the separated share or shares of the property.

 

N.B. - The learnt share remaining after the property is partitioned or if there are two or more shares of equal value and not smaller than any of the other share, then

one of such equal (share)

 

shall be deemed to be that from which the other shares are separated:

Provided always that-

(a) when an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement the duty chargeable upon the instrument affecting such partition shall be reduced by the amount of duty paid in respect of the first instrument but shall into be less than two rupees and

sixty-five paise;

(b) where land is held on revenue settlement for a period not exceeding thirty years and paying the full assessment the value for the purpose of duty shall be calculated at not more

than five times the annual revenue;

(c) where final order for 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 than instrument of partition and an instrument of partition in pursuance of such order or award is subsequently executed the duty in such instrument shall not exceed two rupees

and sixty-five paise.

 

Description of instrument

Proper stamp- duty

46. PARTNERSHIP

Provided always that-

A-Instrument of -

 

(a) where the capital of the partnership does not exceed Rs.1,000.

The same duty as a Board (No.15).

(b) in any other case ....

...

Fifty-two paise.

rupees

eighty

B.- Dissolution of –

Twenty-six paise.

rupees

forty

PAWN OR PLEDGE.- See Agreement relating to Deposit of Title-deeds Pawn or Pledge (No.6).

 

48. POWER OF ATTORNEY [as defined by section 2 (21)] not being a XV-

 

1. when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of

one or more such documents;

Two Rupees

 

Act XV

of 1882

2. when required in suits or proceeding under the Presidency small Cause Court; Act, 1882;

Two Rupees.

3. When authorising one person or more to act in a single transaction other than the case mentioned in clause (a);

Three rupees ninety-five paise.

4. When authorising not more than five persons to act jointly and severally in more than one transaction or generally;

Nineteen paise.

rupees

eighty

5. When authorising more than five persons but not more than ten persons to act jointly

and severally in more than one transaction or generally.

Thirty-nine paise.

rupees

sixty

         

 

Description of instrument

Proper stamp- duty

 

6. when given for consideration and authorising the attorney to sell any immovable properly;

The same duty as a Conveyance (No.23) for the amount of the consideration.

 

7. in any other case ... ...

Three rupees and thirty paise for each person authorised.

 

Explanation . - For the purpose of this Article more persons than one when belonging to the same firm shall be deemed to be one person.

N.B . – The term “Registration” includes every operation incidental to registration under the Registration Act, 1908.

Act XVI of 1908.

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 dishonour of a bill-of-exchange or promissory note.

Three rupees ninety-five paise.

 

51. PROTEST BY THE MASTER OF A SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to adjustment of losses or the calculation of averages, and every declaration in writing made by him against the characters or 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.

Three rupees ninety-five paise.

 

See also Note of Protest by the Master of a Ship (No.44).

   

54.RECONVEYANCE OF MORTGAGED PROPERTY.-

   

(a) If the consideration for which the property was mortgaged does not exceed Rs.1, 000.

The same duty as a conveyance (No.23) for the amount of such consideration as set forth in

the conveyance.

 

 

(b) In any other case ...

...

Thirty-nine rupees and sixty paise.

55. RELEASE, that is to say, any instrument (not being such a release as is provided for by section 23-A), whereby a person renounces a claim upon another person or against any specified property.-

 

(a) if the amount of value of the claim dies not exceed Rs.1,000;

The same duty as a Bond (No.15) for such amount or value as set forth in the release.

(b) In any other case.

Nineteen rupees eighty paise.

56. RESPONDIETIA 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 cargo at the port of destination.

The same duty as a Bodn (No.15) for the amount of the loan secured.

REVOCATION OF ANY TRUST ON SETTLEMENT

 

See settlement (No.58), Trust (No.64).

 

57. SECURITY BOND OR MORTGAGE DEED, executed by way of security for the due execution of an office; or to account for money or other property received by virtue thereof or executed by a surety to secure the due performance of contract -

The same duty as a Bond (No.15) for the amount secured. Nineteen rupees eighty paise.

(a) When the amount secured does not exceed Rs.1,000;

The same duty as a Bond (No.15) for the amount secured.

(b) in any other case ... ...

Nineteen rupees and eighty

paise.

 

Exemption

 

Bond or other instrument, when executed-

 

(a) by headmen nominated under rules framed in accordance with the Bengal Irrigation Act, 1876, section 99, for due performance of their duties under that Act;

Ben.Act II of

1876

(b) by any person for the purpose of guaranteeing that the local income derived from private subscription to a charitable dispensary or hospital, or any other object of public utility, specified sum per mensem;

 

(c) under N.3-A of the rules made by the Government of Bombay in Council under section 70 of the Bombay Irrigation Act,1879;

Bom, Act VII of 1879.

(d) executed by persons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturist’s Loans Act, 1884, or by their sureties, as sureties as security for the re-payment of such advance;

Act XIX of 1883.

(e) executed by officers of 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;

Act XII of 1884

58. SETTLEMENT-

 

A.- Instrument of (including a deed of power).

The same duty as a Conveyance (No.23) for a sum equal to the amount 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 instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed one rupee and fifty-five rupee.

 

Exemptions

   

(a) Deed of power executed on the occasion of a marriage between Muhammadans.

   

(b) Hindus, that is to say, any settlement of immovable property executed by a Buddhist in Burma for a religious purpose in which no value has been specified on which a duty of Rs.10 has been paid.

   

B.-Revocation of -

The same duty as a Conveyance (No.23) for a sum equal to the amount or value of the property concerned, are set forth in the instrument of Revocation, but not exceeding thirty-three rupees.

 

See also TRUST (No.64)

   

59. SHARE WARRANTS to bearer issued under the Companies Act, 1956.

One and a half time the duty payable one Conveyance (No.23) for a consideration equal to the nominal amount

of the shares specified in the warrant.

Act I 1956

Share warrant when issue by a Company in pursuance of the Companies Act, 1956, Section 114, to have effect only upon payment, as Composition for the duty, to the Collector of Stamp revenue of-

 

Act I of 1956

(a) one-and-a-half per centum of the whole subscribed capital of the company, or

   

 

(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.

 

SHIPPING ORDER for or

relating to the conveyance of goods on board of any vessel.

Twenty-five paise.

61. SURRENDER OF LEASE –

 

(a) when the duty with which the lease is chargeable does not exceed seven rupees and fifty paise.

The duty with which such leases chargeable.

(b) In any other case ...

Nineteen rupees and eighty paise.

Exemptions

 

Surrender of lease, when such lease is exempted from duty.

 

63. TRANSFER OF LEASE BY way of Assignment, and not by way of underlease.

The same duty as a Conveyance (No.23) for a consideration equal to the amount of the consideration for the transfer.

Exemptions

 

Transfer of any lease from duty.

 

64. TRUST –

 

A-Declaration of or concerning any property when made by any writing not being a will.

The same duty as a Bond (No.15) for a sum equal to the amount or value of the property concerned, as set forth in the instrument but

not exceeding thirty-three

 

 

rupees.

-Revocation of or concerning property when made by any document other than a will.

See also settlement (No.58).

The same duty as a Bond (No.15) for a sum equal to the amount or value of the property concerned, as set forth in the instrument, but not exceeding thirty-three paise.

Valuation.- See Appraisement (No.8)

 

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 being signed or certified by or on behalf of the person in whose custody such goods may be.

One rupee thirty paise.

[Vide Meghalaya Act 22 of 1980, s. 2]

Amendment of Schedule I .—In Schedule I to the Indian Stamp Act,1899 as amended by the Indian Stamp (Meghalaya Amendment) act, 1980 (Act 22 of 1980)-

(i) in article 22, for the words “Three rupees sixty paise” occurring in the second column, the words “Thirty-nine rupees sixty paise” shall be substituted;

(ii) in article 23, after the words “Thirty-nine rupees sixty paise”, “Fifty-two rupees eighty paise” and “Sixty-six rupees” occurring in the second column at the end of the article and before the proviso, the words “for every one thousand rupees” shall respectively be added; and

[Vide Meghalaya Act 15 of 1981, s. 2]

Amendment of Section I of Act 2 of 1899.— In schedule I to the Indian Stamp Act, 1899 for Articles 1 to 10, 12, 15, to 20, 22 to 26, 28, 29, 31 to 36, 38 to 46, 48, 50, 51, 54 to 61 and 63 to 65 the following shall be substituted namely:-

Description of instrument

Proper stamp duty

“1. ACKNOWLEDGEMENT of a debt 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 banker’s pass book) or on a separate piece of paper when such book or paper is left in the creditor’s possession: provided that such

acknowledgement does not contain any promise

One Rupee

 

to pay the debt or any stipulation to pay interest or to delivery any goods or other property.

 

1. ADMINISTRATION-BOND including a bond, given under section 6 of the Government Saving Bank Act, 1873, or section 291 or section 376 of the Indian Succession Act, 1925-

(a) Where the amount does not exceed Rs. 1,000

Act V of 1873.

Act XXXIX of 1925.

The same duty as a bond (No. 15) for such amount

(b) In any other case

Twenty four rupees

2. ADOPTION-DEED, that is no say, any instrument (other than a will) recording an adoption, or conferring or purporting to confer an authority to adopt.

Forty eight rupees

3. AFFIDAVIT, including and affirmation or declaration in the case of person by law allowed to affirm or declare instead of swearing.

Five rupees

Exemptions

 

Affidavit of declaration in writing when made –

(a) As a condition of enlistment under the Indian Army Act, 1950;

(b) For the immediate purpose of being filed or used in any Court or before the officer of any Court; or

(c) For the sole purpose of enabling any person to receive any pension or charitable allowance.

Act XLVI of 1950

4. AGREEMENT AND MEMORANDUM OF AN AGREEMENT –

 

(a) If relating to the sale of bill of exchange.

One rupee

(b) If relation to the sale of a Government Security.

Subject to a maximum of sixty four rupees for every Rs.

10,000 per part thereof the value of the security.

(c) If relating to the purchase or sale of shares, script stocks bond, debentures stocks or any other marketable security of a like nature in or

of any incorporated company of other body corporate-

 

 

Description of instrument

Proper stamp duty

 

(i) When such agreement or memorandum of an agreement is with or through a member of between members of a stock Exchange recognised under the Securities Contracts Regulation Act, 1956;

One Rupee for every Rs. 2,500 or part thereof of the value of the security at the time of its purchase or sale, as the case may be

Act XIIL of 1956

(ii) In other cases;

Rupee one for every Rs. 2,500 or part thereof of the value of the security at the time of its purchase or sale, as the case may be.

(d) If executed for service or for performance of work of any estate whether held by one person, or by more persons than one as co-owners, and whether is one or more blocks, and situated in Meghalaya where the advance given under such agreement does not exceed fifty rupees;

One Rupee.

 

(e) If not, otherwise provided for.

Three Rupees.

 

Exemptions

   

AGREEMENT FOR MEMORANDUM OF AN AGREEMENT-

   

(a) For or relating to the sale of goods or merchandise exclusively not being a more or memorandum chargeable under No. 43;

(b) Made in the form of tenders to the Government of India for or relating to any loan.

   

AGREEMENT TO LEASE –

   

LEASE (No. 35)

   

5. AGREEMENT RELATING TO DEPOSIT OF TITTLE-DEEDS PAWN OR PLEDGE, that is to say any instrument evidencing an agreement relating to-

   

Description of instrument

Proper stamp duty

 

(1) The deposit of little-deeds or instruments constituting or being evidence of the little to any property whatever (other than a marketable security), or

(2) The pawn or pledge of moveable 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 of existing or further debt-

   

 

(a) If such load or debt is repayable on demand or more than three instrument evidencing the agreement-

(i) If the amount of loan does not exceed Rs. 500.

(ii) If it exceeds Rs. 500 and does not exceed Rs. 1,000.

(iii)And for every Rs. 1,000; or part thereof in excess of Rs. 1,000.

(b) If such loans or debt is repayable not more the three months from the date of such instrument

Four Rupees. Eight Rupees.

Eight Rupees.

Half the duty payable under sub-clause (a)

EXEMPTIONS

 

Instrument of pawn unattested.

or

pledge of

goods

 

6. APPOINTMENT POWER-

IN

EXECUTION

OF

 

(a) Where the value of the property does not exceed Rs. 1,000.

(b) In any other case;

Forty Rupees;

Seventy one Rupees;

7. APPRAISEMENT 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.

The same duty as a Bond (No. 15) for such amounts.

Twenty four Rupees.

EXEMPTIONS

 

8. 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.

 

(a)Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent.

 

9. APPRENTICESHIP-DEED, including every writing relating to the service or tuition of any apprentice clerk of servant placed with any master to learn any profession, trade or

employment.

Twenty four rupees.

 

Exemptions

 

Instrument of apprenticeship executed by a Magistrate Apprentices Act, 1961, or by, which a

ACT LII of 1961

person is apprenticed by or at the charge of any

 

public charity.

 

10. ARTICLES COMPANY-

OF

ASSOCIATION

OF

A

 

(a) Where the company has no share capital or the nominal share capital does not exceed Rs. 2,500;

Sixty nine rupees.

(b) Where the nominal share capital exceed Rs. 2,500; but does not exceed Rs. 5,000.

Seventy nine rupees.

(c) Where the nominal share capital exceed Rs. 5,000; but does not exceed Rs. 1,00,000.

One hundred nineteen rupees.

Description of instrument

Proper stamp duty

(d) Where the nominal share capital exceed Rs. 1,00,000;

Two hundred thirty eight rupees.

Exemptions

 

Articles of any Association not formed for profit and registered under Section 25 of the Companies act, 1956,. See also Memorandum of Association of Company (No. 39).

Act 1 of

1956

ASSIGNMENT- See, conveyance (No. 23). Transfer (No.62), and Transfer of lease (No. 63), as the case may be.

 

ATTORNEY- See Power-of-attorney (No. 48).

 

AUTHORITY TO ADOPT- See Adoption-deed (No. 3).

 

12. AWARD that is to say, any decision in

The same duty as a Bond

writing by an arbitrator or umpire, not being an

(No. 15) for the amount or

award directing a partition, on a reference made

value of the property to

otherwise than be an order of the Court in the

which the award relates as set

course of a suit.

forth in such award subject to

 

a maximum of Ninety nine

 

rupees.

15. BOND (as defined by section (5), not being a DEBENTURE (No. 27), for not being

 
           

 

otherwise provided for by this Act, or by the Court Fess Act, 1870-

 

Where the amount or value secured does not exceed Rs. 10;

One rupee.

Where it exceeds Rs. 10 and does not exceed Rs.

50;

One rupee.

Where it exceeds Rs. 50 and does not exceed Rs.

100;

One rupee.

Where it exceeds Rs. 100 and does not exceed Rs.

200;

Four rupees.

Where it exceeds Rs. 200 and does not exceed Rs. 300;

Six rupees.

Where it exceeds Rs. 300 and does not exceed Rs. 400;

Eight rupees.

Where it exceeds Rs. 400 and does not exceed Rs.

500;

Eleven rupees.

Where it exceeds Rs. 500 and does not exceed Rs.

600;

Fourteen rupees

Where it exceeds Rs. 600 and does not exceed Rs.

700;

Seventeen rupees.

Where it exceeds Rs. 700 and does not exceed Rs.

800;

Nineteen rupees.

Where it exceeds Rs. 800 and does not exceed Rs.

900;

Twenty one rupees.

Where it exceeds Rs. 900 and does not exceed Rs.

1,000;

Twenty four rupees

And for every Rs. 500 or part thereof in excess of Rs.1,000.

Thirteen rupees

See Administration Bond (No.2) Bottomry Bond (No.16) Customs Bond (No.26). Indemnity Bond (No.34), Respondentia Bond (No.56),

Security Bond (No.57).

 

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 than Act;

Bengal Act III of 1876

(b) any person for the purpose of guaranteeing that the local income drive form private subscriptions to a charitable dispensary or hospital or any other subject 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 sea-going ship borrows money on the security of a ship to enable him to preserve the ship or prosecute her

voyage

The same duty as a Bond (No 15) for such amount.

17. CANCELLATION, instrument of (including any instrument by which any instrument previously executed is cancelled), if arrested and not otherwise provided for.

Twenty four rupees

See also RELEASE (No. 55) Revocation of Settlement (No.58 B). Surrender of Lease (No. 61). Revocation of Trust (No. 65. B)

 

CERTIFICATE OF SALE ( in respect of each property put up as a separate lot and sold), granted to the purchase of any property sold by public auction by a Civil or Revenue Court, of Collector or other Revenue officer-

 

(a) Where the purchase money does not exceed Rs. 10;

One rupee

(b) Where the purchase money does not exceed Rs. 10 but does not exceed Rs. 25;

(c) In any other case

Two rupees

The same duty as a conveyance (No. 23), for a consideration equal to the amount of the purchase money only.

19. CERTIFICATE OR OTHER DOCUMENT, evidencing the right or little of the holder there or any other person, either to any shares scrip or stock in or of any incorporated company or other body corporate or to become proprietor of shares, scrip or stock in or any such company or body.

One rupee

See also LETTER OF ALLOTMENT OF SHARES (No. 36).

 

20. CHARTERED PARTY, that is to say any instrument (except an agreement for the hire of a tugsteamer), whereby a vessel, or some specified principal part thereof is let for specified purposes of the charterer, whether it includes a penalty

clause or not.

Five rupees.

 

Description of instrument

Proper stamp duty

22. 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 debt is secured to the creditors, or whereby provisions is made for the continuance of the debtor’s business under the supervisor of inspector or under letters of licence, for the benefit of his creditors.

Forty eight rupees.

23. CONVEYANCE (as defined by section 2 (10) not being a Transfer charged of exempted under No. 52-

Two rupees.

Where it exceeds Rs. 50 and does not exceed Rs. 100;

Four rupees.

Where it exceeds Rs. 100 and does not exceed Rs. 200;

Seven rupees.

Where it exceeds Rs. 200 and does not exceed Rs. 300;

Ten rupees.

Where it exceeds Rs. 300 and does not exceed Rs. 400;

Thirteen rupees.

Where it exceeds Rs. 400 and does not exceed Rs. 500;

Eighteen rupees.

Where it exceeds Rs. 500 and does not exceed Rs. 600;

Twenty one rupees.

Where it exceeds Rs. 600 and does not exceed Rs. 700;

Twenty five rupees.

Where it exceeds Rs. 700 and does not exceed Rs. 800;

Twenty nine rupees.

Where it exceeds Rs. 800 and does not exceed Rs. 900;

Thirty two rupees.

Where it exceeds Rs. 900 and does not exceed Rs. 1,000;

Thirty six rupees.

For every Rs. 500 or part thereof in excess of Rs. 1,000

Eighteen rupees.

Where it exceeds Rs. 50,000 and does not exceed

Forty-eight rupees for every

 

Rs. 90,000;

one thousand rupees.

Where it exceeds Rs. 90,000 and does not exceed Rs. 1,50,000;

Sixty-four rupees for every one thousand rupees.

And where it exceeds Rs. 1,50,000;

Seventy-nine rupees for every one thousand rupees.

Provided that where the “instrument” or the conveyance is in respect of an Industrial Loan certified as such by the Director of Industries, Meghalaya, the stamp duty shall be half of the above rate.

Exemptions

 

Assignment of copyright under the Indian Copyright Act, 1957.

Act XIV of 1957

CO-PARTNERSHIP DEED. See partnership (No. 46)

 

24. 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 time being in force relating to court fees-

 

(i) If the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed one rupee;

Three rupees.

(ii) If any other case not falling within the provision of section 6A.

Five rupees.

Exemptions

 

(a) Copy of any paper which a public officer is expressly required by low to make or furnish for record in any public office or for any public purpose;

 

(b) Copy of, or extract from any register relating to birth baptisms, naming, dedications, marriages, divorces, deaths or burials.

 

25. COUNTERPART OR DUPLICATE of any instrument, chargeable with duty and in respect of which the proper duty has been paid-

(a) If the duty with which the original instrument is chargeable does not exceed two rupees;

(b) In any other case not falling within the provisions of section 6A

The same duty as is payable on the original.

Five rupees.

 

Exemptions

 

Counterpart of any lease granted to a cultivator, when such lease is exempted from duty.

 

26. CUSTOM-BOND

(a) Where the amount does not exceed Rs. 1,000;

The same duty as bond (No. 15) for such amount

(b) In other case ... ... ...

Thirty-two rupees.

28. DELIVERY ORDER IN RESPECT OF 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 behalf of the owner of such goods upon the sale or transfer of the property therein, when such goods exceed in value twenty rupees.

One rupee

DEPOSIT OF TITLE DEEDS

See Agreement relating to Deposit of Title deeds, Pawn or Pledge (No. 6)

 

DISSOLUTION OF PARTNERSHIP

See partnership (No. 46)

 

29. DIVORCE- Instrument of, that is to say, any instrument by which any person effects the dissolution of his marriage.

Sixteen rupees

POWER- Instrument of, see settlement (No. 58)

Sixteen rupees

DUPLICATE-See counterpart (No. 25)

 

31. EXCHANGE OF PROPERTY- Instrument of.

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

EXTRACT-see copy (No. 24)

 

32. FURTHER CHARGE-

Instrument of, that is to say, any instrument imposing a further charge on mortgaged property-

 

(a) When the original mortgaged is one of the description referred to in clause (a) of article No. 40 (that is, with possession).

The same duty as conveyance (No. 23) for a consideration equal to the

 

 

amount of the further charge secured by such instrument.

(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;

The same duty as conveyance (No. 23) for a consideration equal to the charge (including the original mortgage and any further charge a readymade), less than duty already paid on such original mortgage and further charge.

(ii) If possession is not so given.

The same duty as a Bond (No. 15) for the amount of the further charge secured by such instrument.

33. GIFT- Instrument of not being a settlement (No. 58), or will or Transfer (No. 62)

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

HIRING AGREEMENT- Or agreement for service, see agreement (No. 5)

 

34. INDEMNITY BOND, INSPECTORSHIP DEED; see composition-Deed (No. 22).

The same duty as section Bond (No. 57) for same amount

35. LEASE-including and under lease or sub­lease and any agreement to let or sub-let:-

 

(a) Whereby 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;

The same duty Bond (No. 15) for the whole amount payable or deliverable under such lease.

(ii) Where the lease purports to be for a term of not less than one year but not more than five year;

The same duty as a Bond (No. 15) for the amount or value of the average annual rent reversed.

(iii) Where the lease purports to be for a term

The same duty as a

 

exceeding five years and not exceeding ten years;

conveyance (No. 23) for a consideration equal to the amount or value of the average annual rent reversed.

(iv) Where the lease purports to be for a term exceeding ten years but not exceeding twenty years;

The same duty as a conveyance (No. 23) for a consideration equal to twice the amount or value of the average annual rent reversed.

(v) Where the lease purports to be for a term exceeding twenty years but not exceeding thirty years;

The same duty as a conveyance (No. 23) for a consideration equal to three times the amount or value of the average annual rent reversed.

(vi) Where the lease purports to be for a term exceeding thirty years but not exceeding one hundred years;

The same duty as a conveyance (No. 23) for a consideration equal to four times the amount or value of the average annual rent reversed.

(vii) Where the lease purports to be for a term exceeding one hundred years or in perpetuity

The same duty as a conveyance (No. 23) for a consideration equal in the case of a lease granted solely for agricultural purposes to one-tenth and in any other case to one-sixth of the whole amount of rent which would be paid or delivered in respect of the first fifty years of the lease.

(viii) 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 three times the amount or value of the average annual rent reversed which would be paid or delivered for the first ten years if the lease continued so long.

(b) Where the lease granted for a fine or premium or for money advanced and where no rent is reserved.

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.

(c) Where the lease granted for a fine or premium or for money advanced in addition to rent is reserved.

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, in addition to the duty which would have been payable such lease, if no fine or premium or advance had been paid or delivered:

 

Provided that in any case when agreement to lease is stamped with the ad volarem stamp required for a lease, and a lease in pursuance of such agreement is subsequently executed the duty on such lease shall not exceed one rupee and fifty five paise.

Exemptions

 

Lease, executed in the case of cultivator and for the purpose of cultivation (including a lease of trees for the production of food or drinking), without 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 received does not exceed one hundred rupees.

In this exemption a lease for the purpose of cultivation shall include a lease of land for cultivation together with a home stand or tank.

 

Explanation- when a lease under take to pay any recurring charge, such as Government revenue, landlord’s share of cesses, or the owner’s share of municipal rate or taxes, which is by law recoverable from the lessor, the amounts so agreed to be paid by lessee shall be deemed to be part of the rent.

 

36. LETTER OF ALLOTMENT OF SHARE; in any company or proposed company or in respect of any loan to be raised by any company or proposed company.

One rupee

See also CERTIFICATE OR OTHER DOCUMENT (No. 19).

 

38. LETTER OF LICENCE, that is to say any

Thirty two rupees

 

agreement between a debtor and his creditors that the letter 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 association under section 26 of the companies Act,

(b) If not so accompanied-

Ninety five rupees

Act 1956

1

of

(i) Where the nominal share capital does not exceed one lakh of rupees.

Two hundred thirty eight.

 

(ii) Where the nominal share capital exceeds one lakh of rupees.

Three rupees.

hundred

ninety-six

 

Exemptions

   

Memorandum of any association not formed for profit and registered under Section 25 of the Companies Act, 1950

 

Act 1956

1

of

40. MORTGAGE-DEED not being in Agreement relating to Deposit of Title Deeds, Pawn or pledge (No. 6) Bottomry Bond (No. 16), Mortgage of a Crop (No. 41). Respondentia Bond (No. 56), or Security Bond (No. 57)

   

(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

The same duty a conveyance (No. 23), for a consideration equal to the amount secured by such deed.

 

(b) When possession of the property or any part of the property comprised in such deed is not given by the mortgagor or agreed to be given.

The same duty a conveyance (No. 23), for a consideration equal to the amount secured by such deed.

 

Explanation- A mortgagor who gives to the mortgagee a power of attorney to collects rents or a lease of the property mortgaged or a part thereof is deemed to give possession within the meaning of the article.

   

(i) When a collateral or auxiliary or additional or substituted security, or by way or 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.

Three rupees.

 
             

 

(ii) And for every Rs. 1,000 or part thereof secured in excess of Rs. 1,000

Three rupees

Exemptions

 

(1) Instrument executed by persons taking advances under the Land Improvement Loans Act, 1883 or the Agriculturist’s Loan Act, 1884, or by their sureties as security for the repayment of such advances.

Act XIX of 1883

Act XII of 1884

(2) Letter of hypothecation accompanying a bill of exchange.

 

(a) When the loan is repayable not more the three months from the date of instrument-

 

For every sum secured not exceeding Rs. 200, and

One rupee

For every Rs. 200 or part thereof secured in excess of Rs. 200

One rupee

(b) When the loan is repayable more than three months, but not more than eighteen months from the date of instrument-

 

For every sum secured not exceeding Rs. 100 and

One rupee

For every Rs. 100 or part thereof secured in

excess of Rs. 100

One rupee

42. NOT ARIAL ACT, that is to say, any instrument, endorsement, note, attestation, certificate or entry not being a protest (No. 15) made or signed by Notary Public in the execution of the duties of his office, or by and other person

lawfully acting as a Notary Public

Five rupees.

See also Protest of Bill or Note (No.15)

 

43. NOTE OR MEMORANDUM, sent by a Broker of Agent to his principal intimating the purchase or sale on account of such principal-

 

(a) Of any goods exceeding in value twenty rupees.

One rupee

(b) Of any stock or marketable security exceeding

One rupee for every Rs.

in value twenty rupees.

5,000 or part thereof of the

 

value of stock or security

 

subject to a maximum of

 

forty rupees.

44. NOTE OF PROTEST BY THE MASTER OF A SHIP- See also protest by the Master of ship (No. 15)

Three rupees.

Order for the payment of money- See Bill of

 

 

Exchange (No. 13)

 

45. PARTITION- Instrument of [as defined by section 2 (5)]

The same duty as a Bond (No. 15) for the amount of the value of the separated shares or shares of property. N.B- The largest share remaining after the property is partitioned or if there are two or more shares of equal value and not smaller than any of the other share than one of such equal (share) shall be deemed to be that from which the other shares are separated;

Provided always that –

(a) When an instrument of partition containing and agreement to divide property in severally is executed and a partition is effected in pursuance of such agreement the duly chargeable upon the instrument affecting such partition shall be reduced by the amount of duty paid in respect of first instrument but shall not be less than three

rupees.

(b) Where land is held on revenue settlement for a period not exceeding thirty years and paying the full assessment, the value for the purpose of duty shall be calculated at not more than five times the annual

revenue.

(c) Where a final order for 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 ward is subsequently executed the duty in such instrument shall not exceed three rupees.

46. PARTNERSHIP

 

 

A- Instrument of-

   

(a) Where the capital of the partnership does not exceed Rs. 1,000;

   
 

The same duty as a Bond (No. 15)

 

(b) In any other case.

Sixty four rupees.

 

B – Dissolution of -

Thirty two rupees.

 

PAWN OF PLEDGE – See

   

Agreement relating to deposit of Title deeds pawn of pledge (No.6)

   

48. POWER OF ATTORNEY

(as defined by section 2 (21) not being a XV-

   

(i) When executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one

or more such documents;

Three rupees

Act XV of 1882

(ii) When required in suits or proceedings under the presidency small

Cause Courts Act, 1882;

Three rupees

 

(iii) When authorising one person or more to act in a single transaction other than

the case mentioned in clause (a);

Five rupees

 

(iv) When authorising not more than five persons to act jointly and severally in more than one transaction or generally;

Twenty four rupees.

 

(v) When authorising more than five persons but not more than ten persons to act jointly and severally in more than one transaction or generally;

Forty-eight rupees

 

(vi) When given for consideration and authorising the attorney to sell any immovable property;

The same duty as a Conveyance (No. 23) for the amount of the consideration.

 

(vii) In any other case.

Four rupees for each authorised.

 

Explanation - For the purpose of the Article more persons than one when belonging to the same firm shall be deemed to be one person

N. B- The term “Registration” includes every operation incidental to registration under the Indian Registration Act

Act XVI of 1908

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 is attesting the dishonour of a bill-of-exchange or promissory note.

Five rupees

51. PROTESTING BY THE MASTER OF A

Five rupees

 

SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to adjustment of losses or the calculation or average and every declaration in writing made by him against the charters or consignees for not loading or unloading the ship, when such declaration is attested or certified by a Notary Public or other person lawfully action as such.

 

See also Not of protest by (No. 44)

the

Master of a ship

 

54. RECONVEYANCE PROPERLY-

OF

MORTGAGED

 

(a) If the consideration for which the property was mortgaged does not exceed Rs. 1,000

The same duty as a Conveyance (No. 23) for the amount of the consideration as set forth in the conveyance.

(b)in any other case

Forty eight rupees.

55. RELEASE, that is to say, any instrument (not being such a release as is provided for by section 23- A), whereby a person renounce a claim upon another person or against any

specified property-

 

(a) if the amount of value of the claim does not exceed Rs. 1,000

The same duty as a Bond (No.

15) for the amount or value as set forth in the release.

(b) in any other case

Twenty four rupees.

56. RESPONDENTIA BOND, that is to say any

The same duty as a Bond (No. 15)

instrument securing a loan on the cargo laden

for

the

amount

of

the

loan

or, to be laden on Board a ship and making

secured.

repayment contingent on the arrival of the cargo

 

at the port of destination.

 

 

Description of instrument

Proper stamp duty

REVOCATION OF ANY TRUST ON SETTLEMENT-

See settlement (No. 58), Trust (No. 64)

 

57. SECURITY BOND OR MORTGAGE DEED, executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof executed by a surety to secure the due performance of a contact-

 

(a) when the amount secured does not exceed Rs. 1,000

The same duty as a Bond (No. 15) for the amount secured.

(b) in any other case

Twenty four rupees.

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 due performance of their under that Act;

Ben Act III of 1876

(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’ specified sum per mensem.

 

(c) Under No.—3—A of the rules made by the Government of Bombay in Council under section 70 of the Bombay Irrigation Act, 1879.

Bom Act

VIII of 1879

(d) Executed by persons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturist’s Loans Act, 1884, or by their sureties, as securities for the repayment of such advance;

Act XIX of 1883

(e) Executed by officers of Government of their sureties to secure the due execution of an Officer or the due accounting for the money or other property received by virtue thereof;

Act XII of 1884

58. SETTLEMENT-

A- Instrument of (including a deed of power)

The same duty as a Conveyance (No. 23) for sum equal to the amount 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 on instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument not shall exceed two

rupees.

 

Exemptions

   

(a) Deed of power executed on occasion of a marriage between Muhammadans.

(b) Hindus, that is to say, any settlement of immovable property executed by a Budhist in Burma for a religious purpose in which no value has been specified and on which a duty of Rs. 10has been paid.

   

B-Revocations of -

The same duty as a Conveyance (No. 23) for a sum equal to the amount or value of the property concerned, as set for in the instrument of revocation, but not exceeding forty rupees.

 

See also TRUST (No. 64)

   

59.—SHARE WARRANTS to bearer issued under the Companies Act, 1956.

One and a half time the duty payable on conveyance (No. 23) for a consideration equal to the nominal amount of the shares specified in the warrant.

Act I of 1956.

Exemptions

   

Share warrant when issued by a Company in pursuance of the Companies Act, 1956, section 114, to have effect only upon payment, as composition for the duty, to the collector of Stamp revenue of-

 

Act I of 1956.

(a) One-and-a-half per centum of the whole subscribed capital of the company, or

   

(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.

   

 

60. SHIPPING ORDER for relating to the conveyance of goods on board of any vessel.

One rupee.

61. SURRENDER OF LEASE-

 

(a) When the duty with which the lease is chargeable, does not exceed seven rupees and fifty paise.

The duty with which such leases chargeable.

(b) in any other case

Twenty four rupees

Exemptions

 

Surrender lease when such leases is exempted from duty.

 

63. TRANSFER OF LEASE

By way of Assignment, and not by way of under lease.

The same duty as a Conveyance (No. 23) for a consideration equal to the amount of the consideration for the transfer.

Exemptions

 

Transfer of any lease exempt from duty 64.TRUST—

 

A- Declaration of or concerning, any property when made by any writing not being a will.

The same duty as Bond (No. 15) for a sum equal to the amount or value of the property concerned, as set forth in the instrument but not exceeding forty rupees.

B—Revocation of or concerning, property when made by any document other than a will.

The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property concerned, as set forth in the instrument, but not exceeding forty rupees.

See also settlement (No. 58)

 

Valuation- See Appraisement (No. 8)

 

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 being signed or certified by or on behalf of the person in whose custody such

goods may be.

Two rupees.

[Vide Meghalaya Act 11 of 1990, s. 2]

ENQUIRY FORM

You could get in touch with our team to find a suitable lawyer for assistance.
Helplinelaw has been referring lawyers that fit your needs in terms of seniority and experience since 2001