Schedule I, Article 27: Article 27

DEBENTURE OR PARTICIPATION TERM CERTIFICATE OR TERM FINANCE CERTIFICATE OR ANY OTHER INSTRUMENT OF REDEEMABLE CAPITAL OTHER THAN A COMMERCIAL PAPER whether or not a mortgage debenture or Participant Term Certificate, or Term Finance Certificate or any other instrument of redeemable capital being a marketable security transferable or by endorsement or by separate instrument of transfer or by delivery. Explanation—The term “Debenture” includes any interest coupons attached thereto, but the amount of such coupons shall not be included in estimating the duty. EXEMPTION:— A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures 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 debentures so issued are expressed to be issued in terms of the said mortgage-deed. See also BOND (No.15), and SECTIONS 8 and 55. DECLARATION OF ANY TRUST See TRUST (No.64). Proper stamp-duty: One-twentieth of one percent that is to say 0.05% of the face value Subject to a maximum of one million rupees

Amendment history

• v2 · 2026-07-24 11:25:33 — Phase 2W reapply (text)

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