Section 49
SECURiTY BOND OR MORTGAGE DEED, executed by way of security for the due execution of an office or to account for money or other property received by virtue thereof or executed by a surety to secure the due performance of a
49 SECURiTY BOND OR MORTGAGE DEED, executed by way of security for the due execution of an office or to account for money or other property received by virtue thereof or executed by a surety to secure the due performance of a
(a) when the amount secured does not exceed Rs The same duty as a Bottomry Bond (No. 14) for the amount secured.
(b) in any other case
Twelve rupees fifty naye paise.
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Proper Stamp duty
The same duty as a Bottomry Bond (No. 14) for such amount or value as set forth in the release.
Twelve rupees fifty naye paise.
The same duty as a Bottomry Bond (No. 14) for the amount of the loan secured. · ··-
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Exemptions
bond or other instruments, when executed-
( a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital, <r any other ob1ect of public utility, shall not be less than a specified sum per men!:>em;
:b) executed by personstakingadvancesfrom Governlllent ft,r agricultural purposes or by their sureties as security for the repayment of such advances;
(c) exe"cuted by officers of Government or their sure. ties to secure the due exeacution of an office or the due accounting for money or other property received by v1rtue thereof.