RELEASE, that is to say, any instrument (not being an instrument as is provided by section 23A) whereby a person renounces a claim upon other person or against any specified property

1. (a) if the release deed of an ancestral property or part thereof is executed by or in favour of brother or sister (children of renouncer’s parents) or son or daughter or son of pre-deceased son or daughter of pre-deceased son or father or mother or spouse of the renouncer or the legal heirs of the above relations; Two hundred rupees.
2. (b) in any other case. The same duty as is leviable on a conveyance under clause (a) or (b), as the case may be, of Article 22, on the market value of the share, interest, part or claim renounced.

56. RESPONDENTIA BOND, that is to say, any instrument securing a loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination.

REVOCATION OF ANY TRUST OR SETTLEMENT. See SETTLEMENT (No.58);

Provided that where on an instrument executed by a person for whom a person stands surety and executes security bond or a mortgage deed, duty has been paid under Article 40, then the duty payable shall be one hundred rupees. Exemptions Bond or other instrument, when executed,—

1. (a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem;
2. (b) by person taking advances under the Land Improvement Loans Act, 1882 (19 of 1883), or the Agriculturists Loans Act, 1884 (12 of 1884), or by their sureties as security for the repayment of such advances;
3. (c) by officers of the Government or their sureties to secure the due execution of an office or due accounting for money or other property received by virtue thereof.

58. SETTLEMENT—

A. Instrument of (including a deed of dower).—

1. (i) where the settlement is made for a religious or charitable purpose; The same duty levied as Bond (No.15) on the amount settled or the market value of the property settled.
2. (ii) in any other case. The same duty as is leviable on a conveyance under clause (a), (b), or (c), as the case may be, of Article 22, for a sum equal to the amount settled or the market value of the property settled: Provided that where an agreement to settle is stamped with the stamp required for an instrument of settlement and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed ten rupees: Provided further that where an instrument of settlement contains any provision for the revocation of the settlement, the amount or the value of the property settled shall, for the purposes of duty, be determined, as if no such provisions were contained in the instrument. Exemption Deed of dower executed on the occasion of, or in connection with, marriage between Muhammadans, whether executed before or after the marriage. B. Revocation of—
3. (i) in respect of settlement described in sub-clause (i) of clause A; Five hundred rupees.
4. (ii) in respect of settlement described in sub-clause (ii) of clause A. Five hundred rupees.

59. SHARE WARRANTS to bearer issued under the Companies Act, 2013(18 of 2013). The same duty as Bond (No. 15) for the same amount.

Exemptions Share warrant when issued by a Company in pursuance of the provisions of the Companies Act, 2013 (18 of 2013), to have effect only upon payment, as composition for that duty, to the Collector of Stamp Revenue of—

1. (a) one-and-a-half per cent. of the whole subscribed capital of the company; or
2. (b) if any company which has paid the said duty or composition in full subsequently issues an addition to its subscribed capital, one-and-a-half per cent. of the additional capital so issued. SCRIP. See CERTIFICATE (No. 18).