Section 67 Indian Stamp Act

Section 67 of the Indian Stamp Act 1899 is about Penalty for not drawing full number of bills or marine policies purporting to be in sets. It is under CHAPTER VII (Criminal Offences And Procedure) of the Act.

Penalty for not drawing full number of bills or marine policies purporting to be in sets.

Any person drawing or executing a bill of exchange ¹[payable otherwise than on demand] or a policy of marine insurance purporting to be drawn or executed in a set of two or more, and not at the same time drawing or executing on paper duly stamped the whole number of bills or policies of which such bill or policy purports the set to consist, shall be punishable with fine which may extend to one thousand rupees.

STATE AMENDMENT

Arunachal Pradesh.–

Amendment of sections 67,–

In section 67, for the words dbqrsone thousand rupees” the words “two thousand rupees” shall be substituted.

[Vide Arunachal Pradesh 3 of 2010, s. 2]