Section 59
Section 59 of the Assam Stamp (Amendment) Act, 1950. SHARE WARRANTS to bearer issued under the Indian Companies Act, 1913 (Act VII of 1913).
SHARE WARRANTS to bearer issued under the Indian Companies Act, 1913 (Act VII of 1913). One-and-a-half times the duty payable on a conveyance (No.23 for a consideration equal to the nominal amount of the shares specified in the warrant. ndiaCode Share warrant when issued by a company in pursuance of the Indian Companies Act, 1913 (Act VII of 1913), section 43, 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 ; or (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.
Section 59, The Assam Stamp (Amendment) Act, 1950 (Act 7 of 1950).
Questions about Section 59
How do I find court cases under Section 59 of the Assam Stamp (Amendment) Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Assam Stamp (Amendment) Act 59, section 59 Assam Stamp (Amendment) Act, section 59 of the Assam Stamp (Amendment) Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Assam Stamp (Amendment) Act enacted?
Assam Stamp (Amendment) Act was enacted in 1950 as Act 7 of 1950. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/956f2dc2-3562-46ae-9634-32bdd5c47513.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/c6bfb480-ca21-44ee-80f4-bef6d25559dd/content). This page is not a substitute for legal advice.