Amendment status not verified — confirm the current text below against the official source.
SHARE WARRANTS to bearer issued under the Indian Companies Act, 1913 (Act VII of 1913). . EJ<emption Share warrant when issued by a company in pursuance of the Indian Com- panies Act, 1913 {Act VII of 1913), sec- tion 43, to have effect only upon payment, as•composi'tion for1llat duty, to the Collec- tor of Stamp•rev.enue df- ( a) 0ne-and-a..rhalf per· cenmm of the whole subscribed <:apital of the company ; or {b) if any company which has paid the said duty or composition in full, subsequently issues an addition to its subscribed capi- tal one-and-a-half per centum of tae additional capital so issued. Proper &tampoduty (2) Tthe same duty as• a conveyance (No.l23) for a sum equal to the amount or value of the property concerned, as set forth in the :instrument of Rev0¢at.ion, but not exceeding -fifteen rupees. One-and-a-half times the duty payable on a conveyance (No.23 for a consideration eq~l to the .nomi- nal am.Gunt of ~he shanes apecified ~n ·the warrant.