Amendment status not verified — confirm the current text below against the official source.
DEBENTURE - whether a mortgage debenture or note, being a make— table security transferable— (a) by the endorsement or by a separate instrument of transfer. where the amount or value does TwentyiiVe paise. not exceed Rs. 10. , - where it exceeds Rs. 10 and does Fifty paise. not exceed"Rs.‘50. Ditto 50 ditto 100 Ninety paise. Ditto 100 ditto 200 One rupee cithty paise. Ditto 200 ditto 300 , , two rupees seventy paise. Ditto 300 ditto 400 . Three ,rupees sixty paise. Ditto 400 ditto 500 v .FOur rupees fifty;paise. Ditto 500 ditto 600 Five rupees forty 'paise. Ditto 600 ditto 700 Six rupees thirty paise. Ditto 700 ditto 890 Seven rnpees twenty paise. y 11 1 . Ditto 800 ditto 900 Ditto 900 ditto 1,000 and for every 500 or part there- of in excess of Rs. 1,000. (b) by delivery where the amount 01' value of the consideration for such debenture as set forth therein does not exceed Rs. 50. Where it exceeds Rs. 50 but does not exceed Rs. 100. Ditto 100 ditto 200 Ditto 200 ditto 300 Ditto 300 ditto 400 Ditto 400 ditto 500 'Ditto 500 ditto 600 Ditto 600 ditto 700 Ditto 700 ditto 800 Ditto 800 ditto 900 Ditto 900 ditto 1000 and for every Rs. 500 or part thereof in excess of Rs.1000/- Epranation—The term 'Debenture’ includes any interest coupons attached thereto'but the amount of such coupons shall not be included in estimating the duty. , ‘ EXEMPTIONS A debenture issued byzan incorporated company or other bodyicorporate in terms of a registered mortgaged-deed, duly stamped in respect of the full amount of debenture to be issued thereunder whereby the company or body borrowing makes over, in whole or in part, their property to trustees " for the benefit of the debenture holders; Provided that the debenture so issued areexpressed ' to be issued in terms of the said mortgage-deed. DECLARATION OR ANY TRUST—_ ’ See Trust (No. 64). ' 2 Eight rupees ten paise. Nine rupees. ' FOur rupees fifty paise. Ninety paise. One rupee eighty >paise. , ' Three rupees sixty paise. Five rupees forty paisey‘ Seven rupees twentynpaise, , ; Nine rupees. Ten rupees eighty paiseg.. Twelve rupees sixty paise. Fourteen rupees forty paise; Sixteen rupees twenty paise. Eighteen rupees. ' Nine rupees;