Amendment status not verified — confirm the current text below against the official source.
Shipping order, for or relating to the Six paise conveyance of goods on board of any vessel. (62. Transfer (whether with or without consideration)- (a) of shares in an incorporated company or ‘[Twenty-five paise for every other body corporate; hundred rupees or part thereof of the value of the share: Provided that rates of stamp duty specified in column (2) on Bills of Exchange for items (b) and (c) in Article 13 and on promissory note for item (b) of Article 49 shall not apply to us :nce bills of exchange or promissory notes drawn or made for securing finance from Reserve Bank of India, Industrial Finance Corporation of India, (Industrial Development Bank of India,*[ Small Industries Development Bank of India.] State Financial Corporations, Commercial Banks and Co-operative Banks for (a) bona fide commercial or trade transactions, (b) seasonal agricultural operations or the marketing of crops, or (c) production or marketing activities of cottage and small scale industries and such instruments shall bear the rate of stamp duty at one-fifth of the rate mentioned against items (b) and (c) in Article 13 and item (b) in Article 49 of Schedule | of the Indian Stamp Act, 1899 (2 of 1899). Explanation 1.—For the purposes of the proviso— (a) the expression “agricultural operations" includes animal husbandry and allied activities jointly undertaken with agricultural operations, (b) “crops” include products of agricultural operations: (c) the expression "marketing of crops" includes the processing of crops prior lo marketing by agricullural producers or any organization of such producers Explanation 2.—The duty chargeable shall, wherever necessary, be rounded off to the next five paise. o