In force · As amended up to 2026-08
1243.
The expression "includes" in the definition of "bond" by itself suggest that the
definition is not exhaustive but merely illustrative.
A deed containing promise to pay
after certain period on demand, must be held to be a "bond" within the meaning of
section 2(5) of the Stamp Act, and not a promissory note chargeable under Article
49 (b) of the Schedule to the Stamp Act. Such a document, being a bond, is therefore,
chargeable under Article 15 of the Schedule to the Stamp Act, ibid
—Sections 2(15), 33, 40 & 45—Simple memorandum of partition recording
properties allotted to each of the parties after partition—it Is not an instrument of
partition—not chargeable
to stamp duty and need not be stamped—cannot be
impounded for not being duly stamped. Mosst. Mango Devi vs. Muneshwar Prasad,
1983 PLUR 469.
1.
See now the Army Act, 1950
Source: India Code