Ben. Act Bem. Act ▼ of 1879. (Schedule 1.-Stamp-duty on Instruments.) SCHEDULE I-continued. Description of Instrument. 55. RELEASE, that is to say, any instrument Proper Stamp-duty. (a) if the amount or value of the claim does not The same duty as a Bond (No. 15) exceed Rs. 1,000; 56. RESPONDENTIA BOND, that is to say, any REVOCATION OF ANY TRUST OR SET. 57. SECURITY-BOND OR MORTGAGE- for such amount or value as set forth in the Belease. Five rupees. The same duty as a Bond (No. 15) for the amount of the loan secured. (a) when the amount secured does not exceed The same duty as a Bond (No. 15) Rs. 1,000; (b) in any other case Exemptions. Bond or other instrument, when executed (a) by headmen nominated under rules framed in (b) by any person for the purpose of guaranteeing (c) under No. 3A of the rules made by the Gov- for the amount secured. Five rupees.. the Indian Companies Act, 1882. The same duty as a Rond (No. 15) for a sum equal to the amount or value of the property settled as set forth in such settlement: Provided that, where an agree ment to settle is stamped with the stamp required for an instrament of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed eight annas. 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 of Revocation but not exceeding ten rupees. 59. SHARE WARRANTS to bearer issued under Three-quarters of the duty payable on a Conveyance (No. 23) for a consideration equal to the nom. inal amount of the shares specified in the warrant. XIX of 1883. XII of 1884. VI of 1889. VI of 1882. (Schedule I-Stamp-duty on Instruments.) SCHEDULE I-continued. Description of Instrument. 59. SHARE WARRANTS-contd. Exemption. Share warrant when issued by a company in pur- (a) three-quarters per centum of the whole sub- (b) if any company which has paid the said SCRIP. See CERTIFICATE (No. 19). Proper Stamp-duty. 60. SHIPPING ORDER for or relating to the One anna. conveyance of goods on board of any vessel. 61, SURRENDER OF LEASE (a) when the duty with which the lease is charge- The duty with which such lease is able does not exceed five rupees; chargeable. Five rupees. (a) of shares in an incorporated company or One-quarter of the duty payable other body corporate; on a Conveyance (No. 23) for a consideration equal to the value of the share. One-quarter of the duty payable on a Conveyance (No. 23) for a consideration equal to the face amount of the debenture. The duty with which such bond, mortgage-deed or policy of insurance is chargeable. Five rupees. 63. TRANSFER OF LEASE by way of assignment The same duty as a Conveyance and not by way of under-lease. Exemption. Transfer of any lease exempt from duty. 64. TRUST A.-DECLARATION OF-of, or concerning, any property when made by any writing not being a WILL. B.-REVOCATION OF- 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). (No. 23) for a consideration equal to the amount of the consideration for the transfer. 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 fifteen rupees. The same duty as a Bond (No. 15) for a sum equal to the amount or value of the property con⚫ cerned as set forth in the instru ment but not exceeding ten rupees. II of 1874. |