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Section 62: Penalty for executing, etc., instrument not duly stamped
[(a) of shares in an incorporated company or other body corporate; 25 paise for every hundred rupees or part thereof of the value of the share. (b) of debentures, being marketable Securities, whether the debenture is liable to duty or not, except debentures provided for by section 8; One-half of the duty payable on a conveyance (No. 23) for a consideration equal to the face amount of the debentures. (c) of any interest secured by a bond, mortgage-deed or policy of insurance, (i) if the duty on such bond, mortgage deed or policy does not exceed live rupees; The duty with which such bond, mortgage-deed or policy of insurance is chargeable. (ii) in any other case Five rupees. (d) of any property under the Administrator General’s 1874 (2 of 1874). section 31; Ten rupees. (e) of any trust-property without consideration from one trustee to another trustee or from a trustee to beneficiary Five rupees or such smaller amount as may be chargeable under clauses (a) to (c) of this Article.] Exemptions Transfer by endorsement- (a) of a bill of exchange, cheque or promissory note; (b) of a bill of lading, delivery order, warrant for goods, or other merchantile document of title to goods; (c) of a policy of insurance; (d) of securities of the Central Government.
Source: official text of The Indian Stamp Act, 1899 as published on India Code (PDF). All sections of the Indian Stamp Act, 1899.