Indian Stamp Act — Section 1883

1883) or the Agriculturists Loans Act, 1884 (12 of 1984), or by their sureties as security for the repayment of such advances; (2) Letter of hypothecation accompanying a bill of exchange.

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This Bare Act is a government source available in the public domain. It is being used strictly for educational purposes only.

41. MORTGAGE OF A CROP including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop, whether the crop, is or is not in existence at the time of the mortgage—

(a) when the loan is repayable not more than three months from the date of the instrument— For every sum secured not exceeding Rs. 200; and for every Rs. 200 or part thereof secured in excess of Rs. 200;

Twenty-five naye paise

(b) when the loan is repayable more than three months but not more than eighteen months, from the date of the instrument— For every sum secured not exceeding Rs. 100;

Twenty five naye paise

Thirty-eight naye paise

and for every Rs. 100 or part thereof secured in excess of Rs. 100.

Thirty- eight naye paise

Two rupees and eighty-two naye paise