Bare ActsThe INDIAN STAMP ACT 1899(IN ITS APPLICATION TO THE STTAE OF ARUNACHAL PRADESH) 2007

Section 41

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

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 lime of the mortgage- (a) when the loan is repayable not more than three months from the date of the instrument (i) for every sum secured not exceeding Rs. 200; (ii) and for every Rs. 200 or part thereof secured in excess of Rs. 200. (b) When the loan is repayable more than three months, but not more than eighteen months for the date of the instrument. (i) for every sum secured not exceeding Rs.100 (ii) and for every Rs. 100 or part thereof secured in excess of Rs. 100.

Section 41 – The INDIAN STAMP ACT 1899(IN ITS APPLICATION TO THE STTAE OF ARUNACHAL PRADESH) 2007 | DailyLaw.ai