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Section 27: Facts affecting duty to be set forth in instrument
Debenture.– (where a mortgage debenture or not), being a marketable security transferable- (a) by endorsement or by a separate instrument of transfer; As in Schedule-I. (b) by delivery. As in Schedule-I. Explanation.-The term “Debenture” includes any interest coupons attached thereto, but the amount of such coupons shall not be included in estimating the duty. Exemption A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures to be issued thereunder, whereby the company or body borrowing makes over, in whole or in part their property to trustees for the benefit of the debenture holders; provided that the debentures so issued are expressed to be issued in terms of the said mortgage-deed. See also Bond (No. 15) and sections 8 and 55. Declaration of any trust-See Trust (No. 64).
Source: official text of The Indian Stamp Act, 1899 as published on India Code (PDF). All sections of the Indian Stamp Act, 1899.