Section 19. Subject to the provisions contained in section twenty-six, no person taking a bill of exchange or pr

19. Subject to the provisions contained in section twenty-six, no person taking a bill of exchange or promissory note requiring a stamp under section eight, either in payment or as a security, or by purchase or otherwise, shall be entitled to recover thereon, or to make the same available for any purpose, unless at the time when he so takes it, the proper stamp is affixed thereto and cancelled in manner directed by this Act. 19. When the amount paid or secured does not exceed Rs. 50 When such amount exceeds Rs. 50 but does not exceed Rs. 100 For every Rs. 100 or part thereof in excess of Rs. 100 up to Rs. 1,000 | Rs. A. P. | | --- | | 0 8 0 | | 1 0 0 | | 1 0 0 | | 5 0 0 | | 5 0 0 | | 50 0 0 | | 75 0 0 | The stamp-duty with which a Bond for such amount is chargeable (No. 5). Sixteen Rupees. The stamp-duty with which a Bond for the amount or value of the property thereby settled is chargeable (No. 5). The stamp-duty with which a conveyance for the amount so paid is chargeable (No. 15), in addition to the stamp-duty with which an instrument of exchange of immovable property or a partition-deed is chargeable under schedule II. ACT No. XVIII of 1869. SCHEDULE I—(continued). Instruments chargeable with ad valorem Stamp-duties. | DESCRIPTION OF INSTRUMENTS. | PROPER STAMP-DUTY. | | --- | --- | | (a). Where the lease is expressed to be for a term of less than one year. | The stamp-duty with which a Bond (No. 5) for the total amount payable under such lease is chargeable. | | (b). Where the lease is expressed to be for a term of not less than one year but not more than three years ... | The stamp-duty with which a Bond for the total amount payable under such lease during the first year of the term is chargeable. | | (c). Where the lease is expressed to be for a term exceeding three years, or where no term is expressed ... | The stamp-duty with which a conveyance for the total amount payable under such lease during the first year of the term is chargeable. | | (d). Where the lease is granted in consideration of a fine or premium and where no rent is reserved ... | The stamp-duty with which a conveyance for the amount so paid is chargeable. | | (e). Where the lease is granted in consideration of a fine or premium and also of a rent ... | The stamp-duty with which a conveyance for the amount of the fine or premium is chargeable, in addition to the stamp-duty with which the lease would be chargeable in case no such fine or premium had been paid. | ACT No. XVIII or 1869.