The Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 1961.

REGISTERED No. D. 221 The Gazette of India EXTRAORDINARY PART II—Section 1 PUBLISHED BY AUTHORITY No. 1] NEW DELHI, SATURDAY, JANUARY 21, 1961/MAGHA 1, 1882 MINISTRY OF LAW (Legislative Department) New Delhi, the 21st January, 1961/Magha 1, 1882 (Saka) THE INDIAN STAMP (ANDAMAN AND NICOBAR ISLANDS AMENDMENT) REGULATION, 1961 No. 1 OF 1961 Promulgated by the President in the Eleventh Year of the Republic of India. A Regulation further to amend the Indian Stamp Act, 1899, as in force in the Union territory of the Andaman and Nicobar Islands. In exercise of the powers conferred by article 240 of the Constitution, the President is pleased to promulgate the following Regulation made by him:— 1. (7) This Regulation may be called the Indian Stamp (Andaman and Nicobar Islands Amendment) Regulation, 1961. (2) It extends to the whole of the Union territory of the Andaman and Nicobar Islands. (3) It shall come into force at once. Short title, extent and commence- ment. 2. In the Indian Stamp Act, 1899, as in force in the Union territory of the Andaman and Nicobar Islands immediately before the commencement of this Regulation,— (a) after section 78, the following section shall be, and shall be deemed always to have been, inserted, namely:— "79. For the purpose of determining the stamp duty pay- able, or an allowance to be made, under this Act, any fraction of five naye paise shall be reckoned as five naye paise."; Amendment of Act 2 of 1899 as in force in the Ardaman and Nicobar Islands. Fractions of live naye paise how to be comput- ed. (b) in Schedule 1A,— (i) for clause (b) of Article No. 5, the following clause shall be substituted, namely: — " (b)(t) if relating to the sale Subject to a maximum of of a Government security ; twenty rupees, fifteen naye paise for every Rs. 10,000 or part thereof, of the value of the security. (ii) if relating to the sale of a Fifteen naye paise for every share in an incorporated com- Rs. 5,000 or part thereof, of pany or other body corporate. the value of the share." ; (ii) for items (i) and (ii) in sub-clause (a) of clause (2) of Article No. 6, the following items shall be substituted, namelv: — " (i) when the amount of the loan or debt does not exceed Rs. 200 . . . . 'ii) when it exceeds Rs. 200 but does not exceed Rs. 400 when it exceeds Rs. 400 but does not exceed Rs. 600 . when it exceeds Rs. 600 but does not exceed Rs. 800 . when it exceeds Rs. 800 but does not exceed Rs. 1,000. when it exceeds Rs. 1,000 but does not exceed Rs. 1,200 . when it exceeds Rs. 1,200 but does not exceed Rs. 1,600 when it exceeds Rs. 1,600 but does not exceed Rs. 2,500 when it exceeds Rs. 2,500 but does not exceed Rs. 5,000 when it exceeds Rs. 5,000 but does not exceed Rs. 7,500 when it exceeds Rs. 7,500 but does not exceed Rs. 10,000 when it exceeds Rs. 10,000 but does not exceed Rs. 15,000 when it exceeds Rs. 15,000 but does not exceed Rs. 20,000 when it exceeds Rs. 20,000 but does not exceed Rs. 25,000 Rs. naye paise 1 T5 3 4O Rs. naye paise O 20 i 70 Rs. naye paise * r5 SEC, 2] THE GAZETTE OF INDIA EXTRAORDINARY 3 when it exceeds Rs. 25,000 but does not exceed Rs. 30,000 and for every additional Rs. 10,000 or part thereof, in excess of Rs. 30,000 . . . . Rs. naye paise Rs. naye paise Rs. naye paise {in) Article No. 14 shall be omitted; (iv) in Article No. 15, for the words "Twelve naye paise" and "One rupee eighty-seven naye paise" occurring under the column headed "Proper Stamp-duty", the words "fifteen naye paise" and "one rupee and ninety naye paise" respectively shall be substituted; (u) in Article No. 16, for the words "Nineteen' and "Thirty-seven" occurring under the column headed "Proper Stamp-duty", the words "Twenty" and "Forty" respectively shall be substituted; (ui) in Article No. 41, for the word "Nine" occurring in both places under the column headed "Proper Stamp-duty", the word "Ten" shall be substituted; (vii) in Article No. 43,— (1) in clause (b), for the word "Twelve" occurring under the column headed "Proper Stamp-duty", the word "Fifteen" shall be substituted; (2) in clause (c), for the word "twelve" occurring under the column headed "Proper Stamp-duty", the word "fifteen" shall be substituted. RAJENDRA PRASAD, President. PRINTED IN INDIA BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, NEW DELHI ANB PUBLISHED BY THE MANAGER OF PUBLICATIONS, DELHI, 1961