Section 22 of the Indian Stamp Act, 1899 – Effect of statement of rate of exchange or average price

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Section 22: Effect of statement of rate of exchange or average price

COMPOSITION DEED— that is to say, any instrument executed by a debtor, whereby he conveys his property for the benefit of his creditors, or whereby payment of a composition or dividend or their debts is secured to the creditors, or when by provision is made for the continuance of the debtors business under the supervision of inspectors or under letters of license, for the benefit of his creditors. Twenty-eight rupees and twelve naye paise.

Source: official text of The Indian Stamp Act, 1899 as published on India Code (PDF). All sections of the Indian Stamp Act, 1899.