Allowance for spoiled or misused stamps how to be made

In any case in which allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof- (a) other stamps of the same description and value; or (b) if required and he thinks fit, stamps of any other description to the same amount in value; or (c) at his discretion, the same value in money deducting six naya paise for each rupee or fraction of a rupee. SHARE WARRANTS to bearer issued under the Companies Act, 1956 (Central Act I of 1956): One and a half times the duty payable on a conveyance (No. 21) for a consideration equal to the nominal amount of the shares specified in the warrant. Exemptions: Share warrant when issued by a company in pursuance of section 114 of the Indian Companies Act, 1956, to have effect only upon payment, as composition for that duty to the Collector of Stamp revenue of- (a) one-and a-half per centum of the whole subscribed capital of the company; (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 centum of the additional capital so issued.