Amendment status not verified — confirm the current text below against the official source.
(b) Of any stock of marketable security exceeding in value Rs, 20/- Note of protest by the Master of Ship Partition: Instrument of [as defined by section 2(15)] Rs. 15/-(Fifteen) per 1000(thousand) Or part thereof, subject to a maximum of Rs. 200 (Two hundred). Rs. 15/- (Fifteen) The same duty as a Bond (No. 15) for the amount of the market value of the separated share or shares of the property. N.B.—The largest shares remaining after the property is partitioned (or if there are two or more shares of equal market value and not smaller than any of the other shares then one of such equal shares) shall be deemed to be that from which the other shares are separated; Provided always that- (a) When an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement the duty chargeable upon the instrument effecting such a partition shall be reduced by the amount of duty paid in respect of the first instrument, but shall not be less than Rs. 2.10; (b) Where land is held on Revenue Settlement for a period not exceeding thirty years and paying the full assessment amount for the purpose of duty shall be calculated at not more than five times the annual revenue; , (c) Where afinal order tor effecting a partition passed by any Revenue authorily or any Civil Court, or an award by a: arbitrator directing a partition is 138 ] Bihar Stamp Manual [ Schedule 1 —_ 1 2 ° stamped with the stamp requireg for an instrument of partition ang an instrument of partition jn pursuance of such order or awarg is subsequently executed, the duty on such instrument shall not exceed Rs. 2.10. “[Rs. 50 (Ruppes fifty) only as the stamp duty payable on the partition deed of the inherited/family property.