TRANSFER

(whether with or without consideration) [(a) of shares in an incorporated company or other body corporate; 25 paise for every hundred rupees or part thereof of the value of the share. {b) of debentures, being marketable Securities, whether the debenture is liable to duty or not, except debentures provided for by section 8; One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debentures. {c) of any interest secured by a bond, mortgage-deed or policy of insurance, i) if the duty on such bond, mortgage deed or policy does not exceed live rupees; The duty with which such bond, mortgage-deed or policy of insurance is chargeable. {ii) in any other case Five rupees. (d) of any property under the Administrator General's 1874 {2 of 1 874). section 31; Ten rupees. {e) of any trust-property without consideration from one trustee to another trustee or from a trustee to beneficiary Five rupees or such smaller amount as may be chargeable under clauses {a) to (c) of this Article. Exemptions Transfer by endorsement- {a) of a bill of exchange, cheque or promissory note; {b) of a bill of lading, delivery order, warrant for goods, or other merchantile document of title to goods; {c) of a policy of insurance; {d) of securities of the Central Government.