Amendment status not verified — confirm the current text below against the official source.
Further charge,—Instrument of— that is to say, any instrument imposing 71 a further charge on mortgaged property. (a) when the original mortgage is The same duty as a conveyance one of the description referred to in clause (No. 20) for a market value equal to (a) of article No. 34 (that is, with the amount of the further charge possession). secured by such instrument. (b) when such mortgage is one of the description referred to in clause (b) of article No. 34 (that is, without possession) (i) if at the time of execution of The same duty as a conveyance (No. the instrument of further charge posses- 20) for a market value equal in the session of the property is given or agre- total amount of the charge (including ed to be given under such instrument. the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge. 1[(ii) if possession is not given and not being a hypothecation. 2[Fifty paise for every one hundred rupees for the amount of the further charge secured by such instrument,]2 (iii) for hypothecation Same duty as sub-clause (d) of Article No. 34 for the amount of the further charge secured by such instrument.]1