Amendment status not verified — confirm the current text below against the official source.
SHARE WARRANTS, to hearer one-and-a-half times the issued under the Companies Act, duty payable on a Con- 1956 veyance (No. 23) for a con sideration equal to the nominal amount of the share specified in the Warrant. Exemptions Share warrant when issued by a Company in pursuance of the Companies Act, 1956, Section 144, to have effect only upon payment, as composition for that duty, to the Collector of Stamp revenue of— (a) one-and-a-half per centum of the whole subscribed capital of the Company OR (h) if any company which has paid the said duty or composition in full, subsequently issues and addition to its subscribed capi tal one-and-a-half per centum of the additional capital so is sued.