The First Schedule
274 words over 1 page, as the Government publishes it.
The schedule as printed. This is the text of the document India Code publishes for this schedule, in the order that document sets it out. A schedule is often a two-column table and these files carry no ruled lines to recover the columns from, so nothing here is restated as data: read it against the document itself where the alignment matters.
1[THE FIRST SCHEDULE
[See sub-section (4) of section 1]
DOCUMENTS OR TRANSACTIONS TO WHICH THE ACT SHALL NOT APPLY
Sl. No.
Description of documents or transactions
2[1.
A negotiable instrument (other than a cheque, a Demand Promissory Note or a Bill of
Exchange issued in favour of or endorsed by an entity regulated by the Reserve Bank of India,
National Housing Bank, Securities and Exchange Board of India, Insurance Regulatory and
Development Authority of India and Pension Fund Regulatory and Development Authority) as
defined in Section 13 of the Negotiable Instrument Act, 1881 (26 of 1881).]
2.
A power-of-attorney as defined in section 1A of the Powers-of-Attorney Act, 1882 (7 of 1882)
3[but excluding those power-of-attorney that empower an entity regulated by the Reserve Bank
of India, National Housing Bank, Securities and Exchange Board of India, Insurance
Regulatory and Development Authority of India and Pension Fund Regulatory and
Development Authority to act for, on behalf of, and in the name of the person executing them.].
3.
A trust as defined in section 3 of the Indian Trust Act, 1882 (2 of 1882).
4.
A will as defined in clause (h) of section 2 of the Indian Succession Act, 1925 (39 of 1925),
including any other testamentary disposition by whatever name called.
5.
4[***]
______________
1. Subs. by Act 10 of 2009, s. 49, for the First Schedule and the Second Schedule (w.e.f. 27-10-2009).
2. Subs. by notification No S.O. 4720(E), for serial number 1 and the entries relating thereto, Dated 26-9-2022.
3. Ins. by S.O. 4720(E), Dated 26-9-2022.
4. Serial number 5 and the entries relating thereto Omitted by S.O. 4720(E), Dated 26-9-2022.
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