Bare ActsThe Indian Stamp Act, 1899

Section 3

Subs

Amendment status not verified — confirm the current text below against the official source.

Subs. by the A.O. (No. 2) 1956, for “Part B States”. 5 (a) an order for the payment of any sum of money by a bill of exchange or promissory note, or for the delivery of any bill of exchange or promissory note in satisfaction of any sum of money, or for the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen; (b) an order for the payment of any sum of money weekly, monthly, or at any other stated period; and (c) a letter of credit, that is to say, any instrument by which one person authorizes another to give credit to the person in whose favour it is drawn: (4) “Bill of lading”. — “bill of lading” includes a “through bill lading”, but does not include a mate's receipt: (5) “Bond”. — “bond” includes— (a) any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be; (b) any instrument attested by a witness and not payable to order or bearer, whereby a person obliges himself to pay money to another; and (c) any instrument so attested, whereby a person obliges himself to deliver grain or other agricultural produce to another: (6) “Chargeable”. — “chargeable” means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and, as applied to any other instrument, chargeable under the law in force in 1[India] when such instrument was executed or, where several persons executed the instrument at different times, first executed: (7) “Cheque”. — “cheque” means a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand: 2* * * * * * (9) “Collector” . — “Collector” — (a) means, within the limits of the towns of Calcutta, Madras and Bombay, the Collector of Calcutta, Madras and Bombay, respectively, and, without those limits, the Collector of a district, and (b) includes a Deputy Commissioner and any officer whom 3[the 4[State Government]] may, by notification in the Official Gazette, appoint in this behalf: (10) “Conveyance”. — “conveyance” includes a conveyance on sale every instrument by which property, whether moveable or immovable, is transferred inter vivos and which is not otherwise specifically provided for by schedule I: (11) “Duly stamped”. — “duly stamped”, as applied to an instrument, means that the instrument bears an adhesive or impressed stamp of not less than the proper amount and that such stamp has been affixed or used in accordance with the law for the time being in force in 1[India]: (12) “Executed” and “execution”. — “executed” and “execution” used with reference to instruments, mean “signed” and “signature”:

Section 3 – The Indian Stamp Act, 1899 | DailyLaw.ai