Schedule I, Article 62: Article 62

TRANSFER (whether with or without consideration)— (a) of shares in an incorporated company or other body corporate; (b) of Debenture or Participation Term Certificate or Term Finance Certificate or any other instrument or redeemable capital (other than Commercial Paper), whether mortgaged or not, being a transferable security, whether liable to duty or not except as provided for by section 8 (c) of any interest secured by a bond, mortgage-deed or policy of insurance— (i) if the duty on such bond, mortgage-deed or policy does not exceed twenty rupees; and (ii) in any other case (d) of any property under the Administrator-General’s Act, 1913, (III of 1913) section 31; and (e) of any trust-property without consideration from one trustee to another trustee or from a trustee to a beneficiary. [(1)] EXEMPTIONS:— Transfers by endorsement— (a) of a bill of exchange, cheque or promissory note; (b) of a bill of lading, delivery order, warrant for goods, or other mercantile document of title to goods; (c) (c) of a policy of insurance; (d) of securities of the Federal Government. See also section 8— [(2) Transfers which are converted under Conveyance Proper stamp-duty: One-fourth of the duty payable on a Conveyance (No.23) for a consideration equal to the value of the share. One tenth of one percent that is to say 0.1% of the face value of the instrument. The duty with which such bond, mortgage- deed or policy of insurance is chargeable. Fifty Rupees. Fifty Rupees. Twenty Rupees or such smaller amount as may be chargeable under clauses (a) to (c) of this Article. described in Article 23 (1) (a).]

Amendment history

• v2 · 2026-07-24 11:26:21 — Phase 2W reapply (text)

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