Section 43 of the Indian Stamp Act, 1899 – Prosecution for offence against Stamp-law

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Section 43: Prosecution for offence against Stamp-law

NOTE OR MEMORANDUM, sent by a Broker or agent to his principal intimating the purchase or sale on account of such principal— (a) of any goods exceeding in value twenty rupees; Two annas. (b) of any stock or marketable security exceeding in value twenty rupees; Subject to a maximum of ten rupees, one anna for every Rs. 10,000 or part thereof the value of the stock or security.

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

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