Bare ActsThe ASSAM STAMP (AMENDMENT) ACT, 1950

Section 16

BoTTOMRY BoNo

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BoTTOMRY BoNo. that is Lo say, any instrument whcr~by the mast<'r of a sea-going ship borruw~ money on the security of the ship to enable hirn to preserve the ship or prosecute her voy- age- where the amoun l or value secured does not exceed Rs.lO : where it exceeds Rs.l 0 and docs not exceed Rs.50 ; where it exceeds Rs.50 and docs not exceed Rs.lOO ; where it exceeds Rs.IOO and doe:. not exceed Rs.200 ; where it exceeds Rs. 200 and does not exceed Rs.300 ; where it e..xceeds Rs.300 and does not exceed Rs.400 ; where it exceeds Rs.400 and docs not exceed Rs.500 ; where it exceeds Rs.SOO and does not exceed Rs.600 ; where it exceeds Rs.600 and does not exceed R s.700 : where it exceeds Rs.700- and does not exceed Rs.800 ; where it e..xceeds Rs.800 and does not exceed Rs.900 ; where it exceeds Rs.900 a nd docs not exceed Rs.l ,000 ; and for evety Rs.500 or part thereof in excess of Rs.l,OOO.

Section 16 – The ASSAM STAMP (AMENDMENT) ACT, 1950 | DailyLaw.ai