Section 61
Surrender of lease:
61. Surrender of lease:
(a) when the duty with which the
se
rgeable
s
eed (a) when
lease is chargeable does not exceed '{Rs. 1000/-
(b) in any other case
Exemption:
Surrender of lease, when such lease #s exempted from duty.
Transfer whether with or without consideration
(a) of shares in an incorporated company or other body corporate
(b) of debentures, being marketable securities, whether the debenture is liable to duty or nol except debenture provided for by section 8
3
("The same duty as Bond (No. 15)
e amount secured subject to the ("The same duty a
for the amount secured subject to the
mum limit of Rs. 1000/- (Rupees for the amount secured subject to the
maximum limit of Rs. 1000/- (Rupees
housand)". maximum l
One thousand)".
One anda half time the duty payable
ance (No.23) for a One anda half time
on the Conveyance (No.23) for a
arket value on the Conv
consideration or a market value
nal amount of consideration
equal to the nominal amount of the
d in the warrant. equal to the nomina
shares specified in the warrant.
(a) The duty with which such lease is chargeable.
(b) '[Rs. 1000/-(One thousand)
(a) One half of the duty payable ona Conveyance (No.23) for 4 consideration or market value equal to the value of the share.
(b) One half of the duty payable ona conveyance (No. 23) for 4 consideration equal to the face amount of the debenture.
Schedule || — Repealed by Act 10 of 1914,
Roop's Law Assist