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Section 39: MEMORANDUM OR ASSOCIATION OF A COMPANY

Indian Stamp Duty (Nagaland Amendment) Act,1989State Act of Nagaland · Act 6 of 1989

(a) if accompanied hy articles of Ninety-nine rupees.

association under Section 26 of the Companies Act, 1956;

(b) if not so acompanied —

(i) where the nominal snare Two hundred forty seven capital does not exceed One rupees and fifty paise.

lakh of rupees;

(ii) where the nominal share Four hundred twelve capital exceeds one lakh of rupees and fifty paise.

rupees.

Exemption Memorandum of any association not formed for profit and registered under Section 25 of the Companies Act 1965.

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 (No. 41) Respondentia Bond (No. 56), or Security Bond (No. 57)—

(a) when possession of the proper- The same duty as a Con ty or any part of the property veyance (No. 23) for a con comprised in such deed is given sideration equal to the by the mortgagor or agreed to amount secured by such he given; deed.

(b) when possession of the proper- The same duty as a Bond ty comprised in such deed is (No. 15) for the amount not given by the mortgagor nor secured by such deed.

agreed to he given;

EXPLANATION :—A mortgagee a who gives to the mortgaged a power-of-attorney 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) (i) when a collateral or auxiliry Two rupees and fifty paise.

or additional or substituted security, or by way of further assurance for the above men tioned purpose where the prin cipal or primary security is duly stamped for every sum secured not exceeding Rs. 1,000

(ii) and for every Rs. 1,000 or part Three rupees.

thereof secured in excess of Rupees 1,000’ Exemptions

(1) Instruments executed by per sons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturtsts’ Loans Act, 1884, or by their sureties as security for the repayment of such advance.

(2) Letter of hypothecation ac companying a bill of exchange..

41. 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.

(a) when the loan is repayable not Forty-five paise more than three months from the date of the instrument —for every sum secured not exceeding Rs. 200; and for every Rs. 200, or part thereof secured in excess of Rs. 200.

(b) when the loan is repayable Sixty paise.

more than three months, but not more than eighteen months from the date of instrument — for every sum secured not ex- Seventy paise.

ceeding Rs. 100; and for every Rs. 100, or part there Seventy paise.

of secured in excess of Rs 100.

42. NOTARIAL ACT, that is to say, any instrument, endorment, 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 any other person lawfully acting as a Notary Public. See also Protest of Bill or Note (No. 50). Four rupees and ninety five paise.

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

(a) of any goods exceeding in value Eighty paise.

twenty rupees;

(h) of any stock or marketable Ninety paise for every Rs.

security exceeding in value 5,000 or part thereof ot twenty rupees. the value of the stock as security subject to a max imum of forty-nine rupees and fifty paise.

Where this provision sits

ActIndian Stamp Duty (Nagaland Amendment) Act,1989
Section39
Marginal noteMEMORANDUM OR ASSOCIATION OF A COMPANY
JurisdictionState of Nagaland
StatusIn force as published by the source

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