Amendment status not verified — confirm the current text below against the official source.
2O 1 (CC—INSURANCE BY WAY OF INDEMNITY against ability to pay damages on account of accident’s to workmen employed by or under the insurer or against liability to pay compensation under, the Workmen’s Compensation Act, 1923, (80f1923) for every Rs. 100/- or part thereof payable as premium). ‘ l. (D-LIFE INSURANCE OR GROUP INSURANCE OR OTHER INSU- RANCE NOT SPECIFICALLY PROVIDED FOR except such a REINSTRANCE as is described in Division of this article— (i) for every sum insured not exceeding Rs. 250/- ; (ii) for every sum insured excee-‘ ding Rs. 250/- but not excee- ding Rs. 500/—. (iii) for every sum insured excee- ding Rs. 500/-‘but not excee- ding Rs. 1,000/- or part there- of in exceed of Rs. 1,000/- ( EXEMPTION Policies of life insurance granted by the Director General of Post Offices in accordance with rules for postal Life Insuranceissued under authority of the Central Government. E~RE-INSURANCE BY AN INSU- RANCE COMPANY, which has gran- ted a Policy of the nature specified in Division A or Division B of this Article with another company by way of indemnity or guarantee against the payment on the original insurance of a certain part of the sum insured thereby. 2 Twelve paise. If drawn in duplicate for each part. If drawn singly. Eighteen paise. Twelve paise. Thirty paise. Eighteen paise. Twentyfour paiSe. Fortyeight paise. NB. If a policy of group insurance is renewed or otherwise modified whereby the sum insured exceeds the sum previously insured on which stamp. duty has been paid, the proper stamp must be borne on the excess so incurred. One quarter of the duty payable in respect of the original insurance but not less than twelve paise or more than one rupee twenty~ five paise. Provided that, if the total amount of duty payable is not a multiple of five paise, the total amount shall be rounded - up to the next higher multiple of five paise. 21 U I , 1 2 GENERAL EXEMPTION Letter_ of cover or engagement to issue a policy of insurance. Provided that, unless such letter or engagement bears the stamp prescribed by this Act for such policy, nothing shall be claimable thereunder, nor shall it be available {'Or any purpose, except to compel the delivery of the policy therein mentioned. POWER OF ATTORNEY (as defined by section) 2121) not being a proxy— (a) when executed for the sole One rupee eighty paise. pUrpose of procuring the registration of one or more documents in relation to a single transactions or for ad- mitting exeCution of one or more such documents. *** *** (c) when authorizing one person Three rupees sixty paise. ' or more to act in single transactions other than the case mentioned in clause (a) (d) when authorizing not more Eighteen rupees. than five persons to actjointly and severally in more than one transaction or generaiiy; (e) when authorizing mOre than Twenty four rupees. five pel‘S‘uilb but nor more than ten persons to act jointly and severally in more than one transaction or generally; (2“) when gi‘vsn For consideration The same duty as a conveyance and authorizing the attorney to (No. 23) for the amount of the sell any immovable property; consideration. (g) in any other case. (Three sixty paise) Three rupees sixty paise for each person autho- rised. Explanation—for the purposes of this NB. The term “Registration" in- Articles more person: than one when eluded every operation incidental belonging to the firm shall be deemed to registration under the Indian to be one pers0n. Registration Act, 1908 (Act XVI) of 1908. 22 1 '49. A15ROMISSORY NOTE (as defined by section 2(2).