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Ben. Act
III of 1876.

Bem. Act ▼ of 1879.

(Schedule 1.-Stamp-duty on Instruments.)

SCHEDULE I-continued.

Description of Instrument.

55. RELEASE, that is to say, any instrument
whereby a person renounces a claim upon another
person or against any specified property-

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;

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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 re-
payment contingent on the arrival of the cargo
at the port of destination.

REVOCATION OF ANY TRUST OR SET.
TLEMENT. 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 perform-
ance of a contract,-

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
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 sum
per mensem;

(c) under No. 3A of the rules made by the Gov-
ernor of Bombay in Council under section
70 of the Bombay Irrigation Act, 1879;

for the amount secured.

Five rupees..

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the Indian Companies Act, 1882.

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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-
suance of the Indian Companies Act, 1882, seo-
tion 30, to have effect only upon payment, as
composition for that duty, to the Collector of
Stamp-revende, of—

(a) three-quarters per centum of the whole sub-
scribed 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-three-quarters per centum of the
additional capital so issued.

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;

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chargeable.

Five rupees.

(a) of shares in an incorporated company or One-quarter of the duty payable other body corporate;

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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.

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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.

Schedule 1.-Stamp-duty on Instruments. Schedule II.—Enactments

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