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Section 58: SETTLEMENT- A

The Assam Stamp (Amendment) Act, 1950State Act of Assam · Act 7 of 1950

l nstrutnenL of (including a deed of dower) .

Exemption

(a) Deed of dower executed on the occasion of a marriage between Muhammedans.

(b) H1udassa, that is to say, any settlement of immovable pro­ perty executed by a Buddhist in Burma for a religious pur­ pose in which no value has been specified and on which a duty of Rs. lO has been paid.

Proper stamp-duty

(2) 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 settle­ ment :

Provided that, where an agreement to settle is stamped with the stamp required for an instrument of settle­ ment, and an instrument of settle· ment in pursuance of such agree· ment is subsequently executed, the duty on such instrument shall not exceed twelve annas.

324 (Schedule f) Description of imtru~ent

(1) B.-Revocation of S11 also Trust (No.64.)

59. SHARE WARRANTS to bearer issued under the Indian Companies Act, 1913 (Act VII of 1913). .

EJ<emption Share warrant when issued by a company in pursuance of the Indian Com­ panies Act, 1913 {Act VII of 1913), sec­ tion 43, to have effect only upon payment, as•composi'tion for1llat duty, to the Collec­ tor of Stamp•rev.enue df- ( a) 0ne-and-a..rhalf per· cenmm of the whole subscribed <:apital 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 capi­ tal one-and-a-half per centum of tae additional capital so issued.

Proper &tampoduty

(2) Tthe same duty as• a conveyance (No.l23) for a sum equal to the amount or value of the property concerned, as set forth in the :instrument of Rev0¢at.ion, but not exceeding -fifteen rupees.

One-and-a-half times the duty payable on a conveyance (No.23 for a consideration eq~l to the .nomi­ nal am.Gunt of ~he shanes apecified ~n ·the warrant.

60. SHIPPING ORDER for or relating to One anna.

the conveyance of goods on board of any vessel.

61. SURRENDER 0~ LBASE-

(a) when the duty with which the lease is chargeable, does not exceed seven rupees eight an­ nas J

(b) in any other case ..

The duty with which· such lease ia chargeable.

Seven r.upees teigh.t annas.

82S (Schedule l) Doscr.iption of instrument

(1) Exemption Surrender of lease, when such lease is exempted from duty.

• • LUSE by Wa¥ of way of under- Exemption lease exempt from A.-DEcLARATION OF-of, or con­ cerning, any property when made by any writing not been a will.

B.-REvoCATION OF-of, or con~ cerning, an,y property when made by any instrument other than a will.

S11 also Settlement (No.58).

(2) • • The sa~ duty as a conveyance (No.23) for a consideratio.n equal to the amount of the consideration for the transfer.

The same duty as a Bottomry Bond (No.l6) for a sum equal to the amount or value of the property concerned., as set forth in the instru­ ment, but not exceeding twenty­ two rupees eight annas.

The same duty as a Bottomry Bond (No.l6) for a sum equal •to the amouat or value of the property concerned, as set forth in the instttlV­ ment, but not exceeding fifteen rupees.

VALUATION. Se~ Appraisement (No.8) VAtolL. Su &tty. as a V.c:OOI. (No.30).

65. WARRANT FOR OOODs, that is to Eight annas.

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

Where this provision sits

ActThe Assam Stamp (Amendment) Act, 1950
Section58
Marginal noteSETTLEMENT- A
JurisdictionState of Assam
StatusIn force as published by the source

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