Allowance on renewal of certain debentures.—When any duly stamped — THE INDIAN STAMP ACT, 1899 (2 of 1899)

55. Allowance on renewal of certain debentures.—When any duly stamped ture is renewed by the issue of a new debenture in the same terms, the 55. Allowance on renewal of certain debentures.—When any duly stamped debenture is renewed by the issue of a new debenture in the same terms, the Collector shall, upon application made within one month, repay to the person issuing debenture is renewed by the issue of a new debenture in the same terms, the Collector shall, upon application made within one month, repay to the person issuing such debenture, the value of the stamp on the original or on the new debenture, Collector shall, upon application made within one month, repay to the person issuing such debenture, the value of the stamp on the original or on the new debenture, whichever shallbeless: . such debenture, the val whichever shallbeless: of . - lled by him in such manner as the State Government Explanation.—A debenture shall be deemed to be renewed in the same terms the meaning of this section notwithstanding the following changes: Explanation.—A debenture shall be deemed to be renewed in the sa within the meaning of this section notwithstanding the following changes: debentures in place of one original debentu amount secured being the same: (b) the issue of one debenture in place of two or more original debenture, the eing the same: (b) the issue total amount secured being the same: the meaning of this section notwithstanding (a) the issue of two or more debentures in place of one original debentures, the same: (a) the total amount secured being the same: in amount secured being the same: (c) the substitution of the name of the holder at the time of renewal for the of the original holder; and (c) the substitu name of the original holder; and CHAPTER VI of the origin holder and (d) the alteration of the rate of interest or the dates of payment thereof. PTER REFERENCE AND REVISION ntrol of the Chief Cont (2) lf any Collector, acting under section 31, section 40 or section 41, feels e amount of duty with which any instrument is chargeable, he may (2) lf any Collector, acting under section 31, section 40 or section 41, fee doubt as to the amount of duty with which any instrument is chargeable, he may aw up a statement of the case, and refer it, with his own opinion thereoi) for the doubt as to the amount of duty with which any instrument is chargeable, he draw up a statement of the case, and refer it, with his own opinion thereoi) for the decision of the Chief Controlling Revenue-authority. draw up a statement of the case, and refer it, with h decision of the Chief Controlling Revenue-authority. REFERENCE AND R

Section 55