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Section 23-A: Certain instruments connected with mortgages of marketable securities to be chargeable as agreements

The Stamp Act, 1977 (1920 A. D.)Union territory Act of Jammu and Kashmir · Act 40 of 1977

[23-A. Certain instruments connected with mortgages of marketable securities to be chargeable as agreements. ––(1) Where an instrument (not being a promissory note or bill of exchange)––

(a) is given upon the occasion of the deposit of any marketable security by way of security for money advanced or to be advanced by way of loan, or for an existing or future debt, or

(b) makes redeemable or qualifies a duly stamped transfer, intended as a security, of any marketable security, it shall be chargeable with duty as if it were an agreement or memorandum of an agreement chargeable with duty under Article No. 5 (c) of Schedule I.]

Where this provision sits

ActThe Stamp Act, 1977 (1920 A. D.)
Section23-A
Marginal noteCertain instruments connected with mortgages of marketable securities to be chargeable as agreements
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act III of 2000. Section 23-A substituted by Act III of 2000.

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