Section 24 Stamp Act, 1899 Explained: Duties on instruments executed by or on behalf of a bank or banking company | Nyaya

Statutory Content

What does Section 24 of Stamp Act, 1899 say?

Where any instrument is executed by or on behalf of a bank or banking company, the duty thereon shall be paid by the person executing the instrument, and the bank or banking company shall not be entitled to any refund of the duty so paid.

Indian StandardSection 24, Stamp Act, 1899

Bluebook (21st ed.)Stamp Act, 1899, § 24 (India)

Court Pleading StandardSection 24 of the Stamp Act, 1899

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 24 Stamp Act, 1899

What is Section 24 of Stamp Act, 1899?

Section 24 of the Stamp Act, 1899 (Stamp Act, 1899) defines and regulates "Duties on instruments executed by or on behalf of a bank or banking company". The section states: Where any instrument is executed by or on behalf of a bank or banking company, the duty thereon shall be paid by the person executing the instrument, and the bank or banking compan...

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