DEBENTURES

(a) by endorsement or by a separate instrument of transfer- (i) where the amount or value does not exceed Rs. 10: 10 paise; (ii) where it exceeds Rs. 10 and does not exceed Rs. 50: 20 paise; (iii) 50: 30 paise; (iv) 100: 75 paise; (v) 200: Rs. 1 and 10 paise; (vi) 300: Rs. 1 and 50 paise; (vii) 400: Rs. 1 and 80 paise; (viii) 500: Rs. 2 and 25 paise; (ix) 600: Rs. 2 and 60 paise; (x) 700: Rs. 3; (xi) 800: Rs. 3 and 40 paise; (xii) 900: Rs. 3 and 75 paise; (xiii) and for every Rs. 500 or part thereof in excess 1000: Rs. 1 and 85 paise. (b) by delivery- (i) where the amount or value of the consideration for such debenture as set forth therein does not exceed Rs. 50: 35 paise; (ii) where it exceeds Rs. 50 but does not exceed Rs. 100: 75 paise; (iii) 100: Rs. 1 and 50 paise; (iv) 200: Rs. 2 and 25 paise; (v) 300: Rs. 3; (vi) 400: Rs. 3 and 75 paise; (vii) 500: Rs. 4 and 50 paise; (viii) 600: Rs. 5 and 25 paise; (ix) 700: Rs. 6; (x) 800: Rs. 6 and 75 paise; (xi) 900: Rs. 7 and 50 paise; (xii) and for every Rs. 500 or part thereof in excess of Rs. 1000: Rs. 3 and 75 paise. Explanation- The term "Debenture" includes any interest coupons attached thereto but the amount of such coupons shall not be included in estimating the duty. Exemption- A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures to be issued there under, whereby the company or body borrowing makes over, in whole or in part, their property to trustees for the benefit of the debenture holders: Provided that the debentures so issued are expressed to be issued in terms of the said mortgage-deed. DECLARATION OF ANY TRUST. See TRUST (No. 64)