Stamp Act, 1899

Section 59

Duty on instruments executed by or on behalf of a bank or banking company

⚡ Quick Answer Reference: Section 59 Stamp Act, 1899

Provision: Section 59 of Stamp Act, 1899
Act: Stamp Act, 1899
Classification: tax
Jurisdiction: India

Statutory Content

What does Section 59 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 instrument shall not be registered until the duty has been paid.

Indian StandardSection 59, Stamp Act, 1899

Bluebook (21st ed.)Stamp Act, 1899, § 59 (India)

Court Pleading StandardSection 59 of the Stamp Act, 1899

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

Common Questions about Section 59 Stamp Act, 1899

What is Section 59 of Stamp Act, 1899?

Section 59 of the Stamp Act, 1899 (Stamp Act, 1899) defines and regulates "Duty 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 instrument shall not b...

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