Bare ActsThe Indian Stamp Act, 1899

Section 48

POWER-OF-ATTORNEY [as defined by section 2(21)], not being a PROXY (No

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POWER-OF-ATTORNEY [as defined by section 2(21)], not being a PROXY (No. 52),— (a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents; Eight annas. (b) when required in suits or proceedings under the Presidency Small Cause Courts Act, 1882 (XV of 1882); Eight annas. (c) when authorizing one person or more to act in a single transaction other than the case mentioned in clause (a); One rupee. (d) when authorizing not more than five persons to act jointly and severally in more than one transaction or generally; Five rupees. (e) when authorizing more than five but not more than ten persons to act jointly and severally in more than one transaction or generally; Ten rupees. (f) when given for consideration and authorizing the attorney to sell any immovable property; The same duty as a Conveyance (No. 23) for the amount of the consideration. (g) in any other case…………………… One rupees for each person authorized. N.B.—The term “registration” includes every operation incidental to registration under the 1 Indian Registeration Act, 1877 (III of 1877). Explanation.—For the purposes of this Article more persons than one when belonging to the same firm shall be deemed to be one person. 2[49. PROMISSORY NOTE [as defined by section 2(22)] when payable on demand— (i) when the amount or value does not exceed Rs. 250; Five paise. 50

Section 48 – The Indian Stamp Act, 1899 | DailyLaw.ai