BareLaws

The Indian Stamp Act, 1899

Act No. 02
27-Jan-1899

1. Short title, extent and commencement .

(1)This Act may be called the Indian Stamp Act, 1899. 2[(2) It extends to the whole of India 3***: Provided that it shall not apply to 4[the territories which, im mediately before the 1 st November, 1956, were comprised in Part B States] (excluding the State of Jammu and Kashmir) except to the extent to which the provisions of this Act relate to rates of stamp -duty in respect of the documents specified in Entry 91 of List I in the Seventh Schedule to the Constitution ].
(3)It shall come into force on the first day of July, 1899.

2. Definitions .-In this Act, unless there is something repugnant in the subject or context, - 5[(1) Allotment list. -“allotment list ” means a list containing details of allotment of the securities intimated by the issuer to the depository under sub -section ( 2) of section 8 of the Depositories Act, 1996 (22 of 1996) ;

(1A)“banker ” includes a bank and any person acting as a banker; ]
(2)Bill of exchange. -“bill of exchange ” means a bill of exchange as defined by the Negotiable Instruments Act, 1881, (26 of 188 1), and includes also a hundi, and any other document entitling or purporting to entitle any person, whether named therein or not, to payment by any other person of, or to draw upon any other person for, any sum of money;
(3)Bill of exchange payable on deman d. -“bill of exchange payable on demand ” includes -
(a)an order for the payment of any sum of money by a bill of exchange or promissory note, or for the delivery of any bill of exchange or promissory note in satisfaction of any sum of money, or for the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen;

1. Added by Act 7 of 2019, s. 12 (w.e.f. 1 -7-2020). [Earlier notified w.e.f. 9 -1-2020 followe d by 1 -4-2020]