 the indian stamp (amendment) bill, 1958(as introduced in lok sabha)  tile indian stamp (amendment) bill, 1958 (as df'modl7ced in lok sabha) a billfurther to amend the imian stamp act, 1889 be it enacted by parliament in the ninth year of the republic ef lnqia as fol'lows:-2 in clause (a) of section 11 of the indian stamp act, 1899 (here- short title act, 1958 and commencement s (2) lt shall come into force oll such date as the central government may, by netification in the official gazette, appoint t in eilluse (4) of section 11 of tfte indian stamp act, 1899 (aere- amcndmen: of 1899 inafter referred to as the principal act), fer ue words "with the of section ii daty of ore anna or bali an amul", the words "with a duty not 10 exceeqing ted wiye paise" shall be substit\lted 3 in sub-section (1) of seation 31 of the principal act, for the amendment words "eight annas", the words "fifty naye paise" shall be substi- of section 31 tuted 4 in liub--sedion ~3) of section 32 of the principal act, in clause amendment is ~c) of the proviso, for the words "with the duty of one anna or half of section 32" an amla", the words "with e duty not e~eeding ten naye paise" shall be substituted 5 in section 34 of the principal act, for the words "with a duty amendment of one anna", the words "with a duty net exceeding ten naye paise" of aection 34· 20 shall be substituted amendment 6, in clause (a) of the proviso to section 35, sub-section (1) of of sections section 40 and section 41 of the principal act, for the words "with 35,40 and 41 a duty of one anna or half an anna" wherever they occur, the words "with a duty not exceeding ten naye paise" shall be substituted o~)s~~~~~~~~ 7 in section 47 of the principal act, for the words "with the 5 duty of one anna", the words "with a duty not exceeding ten naye paise" shall be substituted :r~:~~":t:~t3 8 in clause (c) of section 53 and section 54 of the principal act, and 54 for the words "one anna" wherever they occur, the words "ten naye paise" shall be substituted 10 9 after section 54 of the principal act, the following shall be inserted, namely:-section insertion uf new section s4a allowances for stamps in denominations of annls am~ndment of sections 69 and 74 "54a notwithstanding anything contained in section 54, when any person is possessed of a stamp or stamps in any denominations, other than in denominations of annas four or 15 multiples thereof and such stamp or stamps has or have not been spoiled, the collector shall repay to such person the value of such stamp or stamps in money calculated in accordance with the provisions of sub-section (2) of section 14 of the indian coinage act, 1906, upon such person delivering up, within six 20 3 of 1906 months from the commencement of the indian stamp (amendment) act, 1958, such stamp or stamps to the collector" 10 in clause (b) of section 69 and the provillo to section 74, for the words "one anna or half an anna" wherever they occur, the 25 words "ten naye paise or five naye paise" shall be substituted insertion of 11 after section 77 of the principal act, the following section new, section shall be inserted namely'-~a , s'lving as to certain stamps "77a all stamps in denominations of ann as four or multiples thereof shall be deemed to be stamps of the value of twenty- 30 five naye paise or, as the case may be, multiples thereof and shall, accordingly, be valid for all the purposes of this act" amendment 12 in section 78 of the principal act, for the words "four annas", of section 78 the words "twenty-five naye paise" shall be substituted amendment 13 in schedule i to the principal act, in entries 13, 14, 27, 37, 47, 3s of schedule 49, 52, 53 and 62, for the words, letters and figures "half an anna", t "one anna", "two annas", "three annas", "four annas", "six annas", "eight annas", "twelve annas" and "lis 2-8-0", wherever they occur, the words, letters and figures "five naye paise", "ten naye paise", "fifteen naye paise", "twenty naye paise", "twenty-five naye paise", 40 "forty naye paise", "fifty naye paise", "seventy-five naye paise" and "rs 250", respectively, shall be substituted  eji'l'aacts nom 'jhe irdljon stamp act, 1880- (no 2 of 1899) - - - - - usc of adhesive stamps 11 the following instruments may be stamped with adhesive stamps, namely:-(5) imtalmems chargeable with the duty of one anna or half an anna, extept parts of bills of exehamge payable otherwise than on demand and drawn in sets; - - - - - -  chapter iii adjudication as to stampsadiudication 31 (1) when any instrument whether executed or not and ::a~p:roper" whether previously stamped or not, is brought to the collector, and the person bringing it applies to have the opinion of that officer as to the duty (if any) with which it is chargeable, and pays a fee of such amopnt (not exceeding five rupees and not less than eight annas) as the collector may in each case direct, the collector shall determine the duty (if any) with which, in his judgment the instrument is chargeable - - - - - - certificate: 32 'by collector - - - - - - (3) any instrument upon which an endorsement has been made under this section, shall be deemed to be duly stamped or not chargeable with duty, as the case may be; and, if chargeable with duty, shall be receivable in evidence or otherwise, and may be acted upon and registered as if it had been originally duly stamped: provided that nothing in this section shall authorize the collector to endorse-(a) any instrument executed or first executed in india and brought to him after the expiration of one month from the date of its execution or first execution, as the case may bej {b) any i,wtrumoot executed qr fil'st exew:uted gut of india and brought to him after the expiration of tbl'ee j:d()nthi after it has been first r~iwd in india; or (c) any instrument chargeable with the duty of one anna or balf an anna, 01' any bill of exchange 01' prdl11is8ol'y note, when brought tic him, after the drawing or execution thelleof, on paper not d\lly stamped    -   34 where any receipt chargeable with a duty of one anna is s'p~cial pro- vision as to tendered to or produced before nny officer unstamped m the course ullstamped of the audit of any public account, such officer may in his discretion, recrip:s instead of impounding the instrument, require a duly stamped receipt to be substituted therefor instruments not duly stamped inadmissible in evidence, etc 35 no instrument chargeable with duty shall be admitted in eridence f{}r any purpose by any person having by law or consent of parties authority to receive evidence, or shall be acted upon, ntgistered or authenticated by any such person or by any public officer, unless such instrument ii duly stamped: provided that-(4) any such instrument not being an instrument chargeable with a duty of one anna or half an anna only, or a bill of exchange or promissory note, ahall, wbject to all just ~cep­tions, be admitted in evidence on payment of the duty with which the &ame is chargeable, or, in the case of an instrument insufficiently stamped, of the amount required to make up such duty, together with a penalty of five rupees, or, when ten till"lleb the amount of the proper duty or deficient portion thereof exeeeds five rupees, of a sum equal to ten times such duty or portion; (b) where any person from whom a stamped receipt could have been demanded, has given an unstamped receipt and such receipt, if stamped, would be admissible in evidence against him, then such receipt shall be admitted in evidence against him on payment of a penalty of one rupee by the person tendering it; (c) where a contract or agreement of any kmd is effected by correspondence consisting of two or more lettel"s and any one of the letters bears the proper stamp, the contract or agreement shall be deemed to be duly stamped; (d) nothing herein contained shall prevent the admission of any instrument in evidence in any proceeding in a criminal court, other than a proceeding under chapter xii or chapter xxxvi of the code of criminal procedure, 1898 (5 of 1898); (e) nothing herein contained shall prevent the admission of any instrument in any court when such instrument has been executed by or on behalf of the government, or where it bears the certificate of the collector as provided by section 32 or any other provision of this act - - - - - - 40 (1) when the collector impounds any instrument under collector's power to section 33, or receives any instrument sent to him under section 38, st imp ins- sub-section (2), not being an instrument chargeable with a duty of truments half 1 bill f h  impounded one anna or an anna on y or a 0 exc ange or pronussory note, he shall adopt the following procedure:-(a) if he is of opinion that such instrument is duly stamped, or is not chargeable wlth duty, he shall certify by endorsement thereon that it is duly stamped, or that it is not so chargeable, as the case may be; (b) if he is of opinion that such instrument is chargeable with duty and is not duly stamped, he shall require the payment of the proper duty or the amount required to make up the same, together with a penalty of five rupees; or, if he thinks fit, an amount not exceeding ten times the amount of the proper duty or of the deficient portion thereof, whether such amount exceeds or falls short of five rupees: provided that, when such instrument has been impounded only because it has been written in contravention of section 13 or section 14, the collector may, if he thinks fit, remit the whole penalty prescribed by this section  - - - - - - in'truments u if any instrument chargeable with duty and not duly up'ed,ldulby ta"?- stamped, not being an instrument chargeable with a duty of one yaccl-- dent anna or hall an anna only or a bill of exchange or promissory note, is produced by any person of his own motion before the collector within one year from the date of its execution or first execution, and such person brings to the notice of the collector the fact that such instrument is not duly stamped and offers to pay to the collector the amount of the proper duty, or the amount required to make up the same, and the collector is satisfied that the omislion to duly stamp such instrument has been occasioned by accident, mistake or urgent necessity, he may, instead of proceeding under sections 33 and 40, receive such amount and proceed as next hereinafter prescribed - - - - - ft when any bill of exchange or promissory note chargeable with the duty of one anna is presented for payment unstamped, power of p:lyer to slimp bids and promissory notes received by him unstmped th~ person to whom it is so presented may affix thereto the necessary adhesive stamp, and, upon cancelling the same in manner hereinbefore provided, may pay the sum payable upon such bul or note, and may charge the duty against the person who ought to have paid the same, or deduct it from the sum payable as aforesaid, and such bill or note shall, so far as respects the duty, be deemed good and valid: provided that nothing herein contained shall relieve any person from any penalty or proceeding to which he may be liable in relation to such bill or note - - - - allowance for spoiled or misused atamps how to be made 53 in any case in which allowance is made for spoiled or misused stamps, the collector may give in lieu thereof-- - - - - - (c) at his discretion, the same value in q'loney, deducting one anna for each rupee or fraction of a rupee ' allowance for it mp not requ(rc4 for dk 54 when any person is possessed of a stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended, but for which he has no immediate use, the collector shall repay to such person the value of such stamp or stamps in money, deducting one anna for each rupee or portion of a rupee, upon such person delivering up the same to be cancelled, and proving to the collector's satisfaction-(4) that such stamp or stamps were purchased by such person with a bona fide intention to use them; and (b) that he has paid the full price thereof; and (c) that they were so purchased within the period of six months next preceding the date on which they were so delivered: provided that, where the person is a licensed vendor of tampa, the collector may, if he thinks fit, make the repayment of the sum actually paid by the vendor without any such deduction as aforesaid - - - - -  e8(b) any person not so appointed who sells or offers for sale any stamp (other than a one-anna or half an anna adhesive stamp); pendty for brelcb of nlle relltins to sale of stamps and for unauthorized sale shan be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to five hundred rupees, or with both  - - - - - - 74 the state government may make rules for regulating-powers to make rule (4) the supply and sale of stamps and stamped papers, rel~ting to lale of stampa (b) the persons by whom alone such sale is to be conducted, and (c) the duties and remuneration of such persons: provided that such rules shall not restrict the sale of one-anna or half an anna adhesive stamps  - - - - - act to be trad!uted, and sold cheaply 78 bvery state government shall make provision for the sale of translations of this act in the principal vernacular languages of the territories administered by it at a price not exceeding four annes per copy  schedule i stamp-duty on instruments (see section 3) deacriptiod of imttument- - - - - i, bill op exchange u ddined by •• 2(2) not beinla bond bink-note or currency note:--   '   (6) where payable otherwiae than on demand-(,) where payable not more than three months after date or lilht if the amount of the "ill or note doeadot exceed ri soo one rupee four ansa  ij bill of exchange-contdif it eueeda r • soo but does not exceed ri 1000 - two rupeea ciaht 1uldili and for every additional ri 1,000 or part thereof in excess of two rupees daht rii,ooo annu (ii) where payable more than three montba but not more than iix months'after date or aiahtif the amount of the bill or note does not exceed ri 500 two rupees daht annas five rupees five rupees if it aceeda ri 500 but does not exceed ri 1,000 and for every iddidonal ri 1,000 or part thereof in aceis of ri 1,000 iii) where payable more than six months but not more than ninej montba after date or siglltif the amount of the bill or note does not exceed rs 500 if it aceeda ri 500 but does not exceed ri 1,000 three rupee twdve annya sevcd rupees eight 1ddai sevcd rupees cilht annas five rupees and for every additional ri 1,000 or part thereof in excess of ra 1,000 (ill) where payable more than nine months but not more than one year after date or sightif the amount of the bill or note does not exceed rs soo ten rupees ten rupees j tcd rupees~) twenty rupees twenty rupees if it aceeds ri 500 but does not exceed ri 1,000 and for every additional ri 1,000 or part thereof in excess of ri 1,000 (c:) where payable at more than one year after date or sightif the amount of the bill or note does not exceed ri 500 if it exceed ri 500 but does not exceed ri 1,000 and for every additional ri 1,000 or part thereof in excess ofrll,ooo 1+ bill of lading (in<:ludina a throuih bill of ladida) 10 of 1889-at a place within the limits of any port as defined under the place within the limits of the lame port property to be delivered in india 31 debenttjrb (whether a mortpge debenture or not), being a marketable security transferable-ditto so ditto 100 ditto 100 dino 200 proper stamp-duty  delcription of instrumenttwo rupeea four anna •• 7 debenture-concld where it eeecds ri 200 and does not acecd ri 300 three rupees ditto 300 ditto 400 three rupeei twelve anna ditto 400 ditto sao ditto 500 ditto 600 four rupees cilht annal five rupees four anna ditto 600 ditto 700 slzrupees ditto 100 ditto 800 six rupees twelve anna ditto 800 ditto 900 scftil rupees eight anna ditto 900 ditto 1,000 and for every ra 500 or part thereof in excess of ri 1,000 three rupees twelve iddu (6) by ckliverywhere the amount or nlue of the conaidendon for such twelve anna debenture  act forth therein does not exceed ri so; where it cxceeda rs so but docs not exceed ri 100 one rupee eight annas dino 100 ditto 200 three rupees four rupees eight annas ditto 200 ditto 300 sixrupcel ditto 300 ditto 400 seven rupees ciiht anna i)ino 400 ditto 500 nincrupca ditto 500 ditto 600 ten rupea dabt iiuw ditto 600 ditto 700 twelve rupees ditto 7«j ditto 800 thirteen rupees eiaht annu ditto 800 dino 900 fifteen rupcea ditto 900 ditto 1,000 iud for every ra soo or part thereof in cxceu of rs 1,000 seven rupees daht iddu b~-the term "debenture" idcludcaany interest coupons attached thereto but the amount of such coupona ,hall not be included in estimatina the duty  ex"",titma debenture illued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full atnount of debentures to be issued thereunder, whereby the company or body borrowing makes ov·:r, in whole or in part; their property to tr\jitcei for the benefit of the debenture holden : provided that the debentures so issued are expressed to be illued in tendi of the said mortpge-dced - detc:riptiod of inltrumcnt proper stamp-duty ~y twoannas by which one person autnonsea another to give credit to the penon in whose favour  47 poucy of insurnace-if drawn singly a-sba-lnsurancb (su section 7)-| if                                          | drawn                              | in       ||---------------------------------------------|------------------------------------|----------|| duplicate, for                              |                                    |          || each                                        |                                    |          || part                                        |                                    |          || (i)                                         |                                    |          || for                                         | or                                 | upon any || half                                        |                                    |          || an anna                                    |                                    |          || () where the premium or consideration does | one                                |          || anna                                       |                                    |          || not                                         |                                    |          || exceed                                      |                                    |          || the rate                                    | of                                 |          || two                                         |                                    |          || annas                                       |                                    |          || or                                          | one-                               |          || eighth                                      |                                    |          || per                                         |                                    |          || centum                                      |                                    |          || of                                          | the amount insured                 |          || by the                                      |                                    |          || policy;                                     |                                    |          || half                                        |                                    |          || an                                          |                                    |          || 1ulda                                      |                                    |          || (it)                                        |                                    |          || in                                          | any other case, in respect         | of       || anna                                       |                                    |          || sum                                         |                                    |          || of                                          | one t'lousand five hundred rupees |          || and also any fractional                     |                                    |          || part                                        |                                    |          || of                                          | one                                |          || thowand'                                    |                                    |          || five                                        | hundred rupees insured by the      |          || policy;                                     |                                    |          |(i) for time-(m) in respect of every full sum of one thousand rupees and also any fractional part of one thousand rupees insured by the policy-one anna • wh~ the insurance shall be made for any time two annas not exceeding lix months; twoanoas where the insurance ahall be made for any time four annas exceeding six months and not exceeding twelve months  b- fire-insurance and othlljl classi!s op in- su rance, not blsewhbre includj!d in this articlb - ooverlnq goods, merchandise, per- sonal bppiicts, crops, and other property· against loss or damagb-(1) in respect of an origidal policy-(i) when the sum insured does not exceed lu 5,000; (ii) in any other case  and onerupec (i) in respect of each receipt for any payment of a premium on any renewal of an original policy one-half of the duty  payable in respect of the original policy in addition to the amount, if any, charseabic under no 53·  c - ,accidbnt and sicltnbss insuitancb-(a) apinst railway accldent, vllllid for a sinile one anna journey only description of idatrument porpcr stamp-duty  1 poucy or ~vrancb--cdnui c-accldbnt and sicitness insuitan~cmdd e:u,tio_| when                       | islued              | to               | a          | pu'enser         | travellinl    ||----------------------------|---------------------|------------------|------------|------------------|---------------|| the                        |                     |                  |            |                  |               || intermediate               | or                  | the              | third      | da               |             || in                         |                     |                  |            |                  |               || any railway               |                     |                  |            |                  |               || fp)                       |                     |                  |            |                  |               || in                         | any                 | other            | case-for   | the              |               || mllflmum                   |                     |                  |            |                  |               || amount                     |                     |                  |            |                  |               || wbicb                      |                     |                  |            |                  |               || may                        |                     |                  |            |                  |               || become payable in the case | of                  | any              |            |                  |               || ,inale                     | accident            | or               |            |                  |               || sictne                     |                   |                  |            |                  |               || where iuch amount          |                     |                  |            |                  |               || does not exceed            |                     |                  |            |                  |               || ill                       |                     |                  |            |                  |               || 1,000,                     |                     |                  |            |                  |               || and                        | also where such     |                  |            |                  |               || amoudt                     | exceeds             |                  |            |                  |               || ri                        |                     |                  |            |                  |               || 1,000,                     |                     |                  |            |                  |               || for                        | every               | ri              |            |                  |               || 1,000                      |                     |                  |            |                  |               || or                         | part                | thereof         |            |                  |               || two                        |                     |                  |            |                  |               || annas:                     |                     |                  |            |                  |               || provided                   | that,               |                  |            |                  |               || in                         |                     |                  |            |                  |               || case                       |                     |                  |            |                  |               || of                         |                     |                  |            |                  |               || a                          |                     |                  |            |                  |               || policy                     |                     |                  |            |                  |               || of                         |                     |                  |            |                  |               || insurance                  | apinst              | death            |            |                  |               || bj                         | accident when       |                  |            |                  |               || the                        |                     |                  |            |                  |               || annual                     |                     |                  |            |                  |               || premium                    | payable             | does             | not        |                  |               || exceed                     |                     |                  |            |                  |               || ill                       |                     |                  |            |                  |               || :1-8-0                     |                     |                  |            |                  |               || in                         |                     |                  |            |                  |               || ri                        | 1,000,              |                  |            |                  |               || the                        |                     |                  |            |                  |               || duty                       |                     |                  |            |                  |               || on such instrument         |                     |                  |            |                  |               || ihall be one               |                     |                  |            |                  |               || anua                       |                     |                  |            |                  |               || for                        |                     |                  |            |                  |               || cyerj                      |                     |                  |            |                  |               || ill                       |                     |                  |            |                  |               || 1,000                      |                     |                  |            |                  |               || or                         | part                | thereof          | of         | the              |               || nwdmum                     | amount which        |                  |            |                  |               || may                        |                     |                  |            |                  |               || become                     |                     |                  |            |                  |               || pajable                    | under               | it,              |            |                  |               || one anna                  |                     |                  |            |                  |               || 8011923                   |                     |                  |            |                  |               || cc-ihstjltancl!           |                     |                  |            |                  |               || by                         | way                 | 0'               | indemnity  |                  |               || &p,idlt                    |                     |                  |            |                  |               || liability                  | to                  |                  |            |                  |               || pay                        |                     |                  |            |                  |               || dama,es                    |                     |                  |            |                  |               || on                         | account             |                  |            |                  |               || of                         |                     |                  |            |                  |               || ac:adents                  |                     |                  |            |                  |               || to                         | workmen employed by | or               | under      | the              | insure r      || or                         | a,ainst             | liability        | to         | pay compensation | under         || the workmen's compensation |                     |                  |            |                  |               || act,                       | 1923,               |                  |            |                  |               || for                        |                     |                  |            |                  |               || every                      |                     |                  |            |                  |               || ri                        |                     |                  |            |                  |               || 100                        |                     |                  |            |                  |               || or                         | part                | thereof          | payable    |                  |               || as                         |                     |                  |            |                  |               || prem-                      |                     |                  |            |                  |               || ium                       |                     |                  |            |                  |               || d-uft                     |                     |                  |            |                  |               || insujlance                 | 0                  | gaoup            | insurance  |                  |               || oj!                        |                     |                  |            |                  |               || i-------~----­              |                     |                  |            |                  |               || if                         | drawn in            |                  |            |                  |               || duplic:ate, for            |                     |                  |            |                  |               || each                       |                     |                  |            |                  |               || part                       |                     |                  |            |                  |               || otheil insurance not       |                     |                  |            |                  |               || specifically               |                     |                  |            |                  |               || pitovldid                  |                     |                  |            |                  |               || 1'0,                      |                     |                  |            |                  |               || exc:cpt                    |                     |                  |            |                  |               || such                       |                     |                  |            |                  |               || a                          | rb-instjltancb      |                  |            |                  |               || as                         |                     |                  |            |                  |               || is described               |                     |                  |            |                  |               || if                         |                     |                  |            |                  |               || drawn ainsly               |                     |                  |            |                  |               || in diviion                |                     |                  |            |                  |               || e                          |                     |                  |            |                  |               || of                         | this                | artide-          |            |                  |               || <_1                        |                     |                  |            |                  |               || for every                  | sum                 | insured          |            |                  |               || not                        |                     |                  |            |                  |               || ezcecdida                  |                     |                  |            |                  |               || ill                       |                     |                  |            |                  |               || two                        |                     |                  |            |                  |               || annas                     |                     |                  |            |                  |               || :i!l0;                     |                     |                  |            |                  |               || one                        |                     |                  |            |                  |               || anna                      |                     |                  |            |                  |               || (ia)                       |                     |                  |            |                  |               || for every                  | lum                 | inlured          | e:xcecdldl |                  |               || ri                        |                     |                  |            |                  |               || :i!lo                      |                     |                  |            |                  |               || pour annas                |                     |                  |            |                  |               || but                        |                     |                  |            |                  |               || not                        | exc:ecdinl          |                  |            |                  |               || ri                        |                     |                  |            |                  |               || !l00;                      |                     |                  |            |                  |               || two                        |                     |                  |            |                  |               || annas                     |                     |                  |            |                  |               || three                      |                     |                  |            |                  |               || adoa                       |                   |                  |            |                  |               || (iii)                      |                     |                  |            |                  |               || for                        | every sum idsured   | exeedinllll!loo |            |                  |               || six                        |                     |                  |            |                  |               || annas                     |                     |                  |            |                  |               || but not cxcecdlna          |                     |                  |            |                  |               || ri                        |                     |                  |            |                  |               || 1,000                      |                     |                  |            |                  |               || and                        | also for            |                  |            |                  |               || every ri                  |                     |                  |            |                  |               || 1,000                      |                     |                  |            |                  |               || or                         |                     |                  |            |                  |               || part                       |                     |                  |            |                  |               || thereof                    | in                  | exec             |          |                  |               || ofrs                      |                     |                  |            |                  |               || 1,000                     |                     |                  |            |                  |               | eufnpridnpoliciel onife-insurance panted by the director general ofpott o1fic:es in accordance with rule for postal life-insurance issued under the autborit, of the central government | nd-if              | a                   ||----------------------|---------------------|| policy               |                     || of                   | ,roup              || insurance is renewed |                     || or                   | other-              || wise modified        | whercbj the         || swn                  | idsured exceeds the || aum                  |                     || previously insured   |                     || on                   |                     || which                |                     || stamp-duty           | has                 || beed                 |                     || paid,                |                     || the                  | proper              || borne on             |                     || the                  | ezc:ess             || sured               |                     | daerlption of inttrumcnt 4'1 poucy of insurancb-amddrespect of the orijinal illlurancc but dot leas than ode  gnlnal e~tiottbears thc stamp prescribcd by this act for such policy, nothing ,hall be clunable purpose, ezc,ept to compel the dcljvel)' , proml8sory note (u defined by eectiad a~~)j-ode iuuil () when the 8d\oudt or nlue doli dot aceed ra 250; two addu (ia) when the amount or value exceeda ra 250 but doa dot aceed ri 1,000 ; (iii) in any other cue pour 8iuid (6) when payablc othcrwise than:on:dcmandj two anou thc hille dut'j - a bm of bschmae (no 13) for the iludc amount payable othcnriae than on demand po pron empowering any person toole at any onc dection of the memben of a district or local board or of a body of municipal commisaioncra, or at any one meeting of (a) members of an incorporated company or othcr body corporatc whoac stock, or funds is or are divided into ,hares and trailiferable, (6) a local authority, or ~lds:oprieton, memben or contributors to the of any inatitutiod "" receipt [u defined by section 2(33)] for any money or other property the amount or v1uc of wbic:h aceeda twenty rupees  reccipt-(ei) endoned oil or contained in any inaw-iiimt duly tamped, lor any inatrumedt exempted] under the proviso to section 3 (iilmumenta executed on bebalf of the govcmment, or any cheque or bid of ezchagc payablc on demand ac:knowledpnl the receipt of the conaidcradon-moaey therein cxpreued, ----,---------"-----------------------description of instrument proper stamp-duty  exmtptioru-concldor the receipt of any principal-money, interat or annuity or other periodical payment thereby secured; (b) for any payment of money without consideration; (c) for any payment of rent by - cultivator od account of land assessed to government revenue, or (in the states of madra, bombay and andhra as they existed immediately before the lit november, i9s6) of loam lands ; (tl) for payor allowance by noo-commi  i0ne4 or petty officers, soldien, aailon or airmen of the indian military, naval or air forces when serving in ,uch capacity, or by mounted pouce-cotlltablea j () given by holden of family-certifict~ in cases where the penon from wholle payor allowances the sum compriaed in the receipt has been assigned is a non-commissioned or petty officer, soldier, sailor or airman of any of the said forces, and aervida in such capacity ; (1) for,pcnaiona or allowadcea by persons rcceivinl iud penaiona or allowancea in respect of their service as such non-commissioded or petty office s, soldiers, sailors or ai'men, and not serving the government in any other capacity ; (z) given by a headman or lambardar for landrevenue or taxes collected by him ; <it) given for money or secunues for mont}' i deposited in the hand, of any banker, to be accounted for : provided that the same i, not expressed to be received of, or by the banda of, any other than the person to whom the aame is to be accounted for: |                                | pro-,'ided also    | that                           | this exemption shall    | not            ||--------------------------------|--------------------|--------------------------------|-------------------------|----------------|| extend                         | to                 | a receipt                      | or                      | acknowledgment || for any                        |                    |                                |                         |                || bum                            |                    |                                |                         |                || paid                           | or                 | deposited for or upon          |                         |                || a letter                       |                    |                                |                         |                || of                             |                    |                                |                         |                || allotment                      | of                 | a share,                       | or                      |                || in                             |                    |                                |                         |                || respect                        |                    |                                |                         |                || of                             | a                  |                                |                         |                || call                           |                    |                                |                         |                || upon any scrip or share of, or |                    |                                |                         |                || in,                            |                    |                                |                         |                || any incorporated company       | or                 | other                          |                         |                || body                           |                    |                                |                         |                || corporate                      | or                 | such proposed or intende4 com- |                         |                || pany                           |                    |                                |                         |                || or                             | body or            | in                             | respect                 | of             || being a marketable ,ecurity   |                    |                                |                         |                || -                              |                    |                                |                         |                || -                              |                    |                                |                         |                || -                              |                    |                                |                         |                || -                              |                    |                                |                         |                | h transfer (whether with or without consideration)-(a) of ahares in an incorporated company or other body corporate ; twelve ilddiib for every hundred rupees or part the' eof of the value of the ahare (b) of debentures, beina marketable securities, whether the debenture is liable to duty or not, except debentures provic1ed for by section 8 ; | ode-balf             | of    ||----------------------|-------|| the                  |       || duty                 |       || payable              |       || on a conveyance (no |       || 23)                  |       || tor                  | a     || codiideradon         |       || equal                |       || to                   |       || the                  |       || fac:                |       || amount               |       || of                   | the   |(c) of any interest secured by a bond, mortgagedeed or policy of inlurance,-(i) if the duty on such bond, mortgage-deed or policy does not exceed five rupees j | the                      ||--------------------------|| which                    || such                     || bond                     || mortgage                 || deed                     || or                       || policy                   || of                       || insurance is chargeable || five rupees             || (ii)                     || in                       || any other                || case                     |(d) of any property under the administrator ten rupees ~cnl'b ~, 1874, section 31; 2 ef 1874 (,) of any trust-property without consideration from one trustee to another trustee or from a trustee to a beneficiary five rupees or such smaller amount u may be chargeable under clauaea (a) to (c) of this article  exmtptionstranafera by endonement-(a) of a bill of exchange, cheque or promi8sory note; (b) of a bill of lading, delivery order, warrant for goods, or other mercantile document of title to goods ; (c) of a policy of insurance; (d) of securities of the central government a bill further to amend the indian stamp act, 1899 (shri morarji desat, minister of finance) 