Bare ActsThe ASSAM STAMP (AMENDMENT) ACT, 1950

Section 5

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

AGREEMENT OR MEMORANDUM OF AN AGREEMENT- (a) * * • * * (b) (i) if relating to the sale of a Government security ; Subject to a maximum of rupees , two annas for Rs.l 0,000 or part thereof, value of the securitY. (ii) if relating to the safe of a share in an incorporated com- pany or other body corporate; Two annas for part thereof of share. (c) if not othrewise provided for ; One rupee. 'I 303 (Schedule I) Description of instrument Proper stamp-duty (I) (2) (d) executed for service or for Four annas. performance of work in any estate whether held by one person, or by more persons than one as co-owners, and whether in one or more blocks, and situated in Assam, where the advance given under such agree- ment does not exceed fifty ru- pees. Exemptions or memorandum of (a) for or relating to the sale of good~ or merchandise exclusive- ly, not being a note or mernoran- Jum chargeable under No.4.:3. (b) made in the form of tenders to the Government of I ndia for, or relating to, any loan AGREEMENT TO LEASE. -Scr lease ). RELATING TO OEPO· OF TlTLC:·DEEDS, PAWN OR PLFDCE, is to say, any instrument t:vidcneing agreement relating to- (1) the deposit of title deeds or ins- constituting or being evidence e title to any property whatever than a marketable security), or the pawn or pledge of movable .,,.,.,,~ .... .,, where such deposit, pawn ot· been made by way of security the repayment of money advanced to be aclvancecl by way of loan or an ting or fu lure debt- (a) if such loan or debt is repay- able on demand or more than three months from the dale of 304 (Schedule I) Description of instrument Proper stamp-duty (I) (2) the instrument evidencing the agreement- If drawn in If drawn on set of two, for set of three for If drawn each part of each part of singly the set the set Rs. Rs. a. p. Rs. a. p. Rs. a. p. (i) when the amount of the loan or debt does not exceed 200 0 4 6 0 3 0 0 6 (ii) when it exceeds Rs.200 but does not exceed 400 0 9 0 0 4 6 0 3 0 Ditto 400 ditto 600 0 13 6 0 7 6 0 4 6 Ditto 600 ditto 800 I 2 0 0 9 0 0 6 0 Ditto 800 ditto 1,000 6 6 0 12 0 0 7 6 Ditto 1,000 ditto 1,200 II 0 0 13 6 0 9 0 Ditto 1,200 ditto 1,600 2 4 0 1 2 0 0 12 0 Ditto 1,600 dittO 2,500 3 6 0 Ill 0 2 0 Ditto 2,500 ditto 5,000 6 12 0 3 6 0 2 4 0 Ditto 5,000 ditto 7,500 10 0 0 5 0 3 6 0 Dit.to 7,500 ditto 10,000 13 8 0 6 12 0 4 8 0 Diuo 10,000 ditto 15,000 20 4 0 10 2 0 6 12 0 Diuo 15,000 ditto 20,000 27 0 0 13 8 0 9 0 0 Ditto 20,000 ditto 25,000 33 12 0 16 14 0 11 4 0 Ditto 2 ,000 ditto 30,000 4{) 8 0 20 4 0 13 8 3 and for every additional Rs. 10,000 or part thereof in excess of Rs.30,000 .. 13 8 0 6 12 0 4 8 0 (b) if such loan or debt is repay- Half the duty payable on able not more than three or debt under clause (a) months fmm the date of such clause (a) ( ii) for the a instrument. secured.

Section 5 – The ASSAM STAMP (AMENDMENT) ACT, 1950 | DailyLaw.ai