Bare ActsThe Indian Stamp (Manipur Amendment) Act, 1979

Section 41

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(a) when possession of the prOperty or any part of the property comprised in such deed is given by the mortgager or agreed to be given. (b) when possession is not given or agreed as aforesaid : Explanation—A mortgage: who gives to the mortgages a power of attorney to collect rents or a lease of the property mortgaged or part thereof is deemed to give possession within the meaning of this article. (0) when a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above mentioned purpose where the principal or primary security is duly stamped for every sum secured not exceeding Rs. 1,000/- and for every Rs. 1,000 or part thereof secured in excess of Rs. 1,000/— EXEMPTIONS (1) Instruments executed by persons taking advances under the land Improvement Loans Act, 1883 (Act XIX of 1883) or the Agriculturists Loans Act, 1884 (Act XII) of 1884 or by their sureties as security for the repayment of such ad vances. (2) Letter of hypothecation accom- panying a bill of exchange. MORTGAGE OF CROP including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop, whether the crap is or is not in existence at the time of the mortgage- (a) when the loan is repayable not more than three months from the date of the instrument for every sum secured not exceeding Rs. 200/- for every Rs. 200/- or part thereof ‘ secured in excess of ; (b) when the loan is repayable more than three months, but not more than eighteen months from the date instrument. The same duty on a convev yance (No. 23) for a considera- tion equal to the amount secured by such deed. The same duty as a Bond; (No. 15) the amount secnreti. by such -deed. One rupee and eighty paise. One rupee and eighty pahe only. ‘ Thirty paise. Thirty paise. Fortyeight paise. 17

Section 41 – The Indian Stamp (Manipur Amendment) Act, 1979 | DailyLaw.ai