1[(1) Where in the case of any transaction, several instruments
are employed for completing the transaction, only the principal instrument
shall be chargeable with a duty prescribed for it in Schedule—I and
thereafter, each of the other instruments shall be chargeable with a duty of
one hundred rupees.]
(2) The parties may determine for themselves which of the instruments so employed shall, for the purposes of sub-section (1), be deemed to be the principal instrument :
Provided that the duty chargeable on the instrument so determined shall be the highest duty which would be chargeable in respect of any of the said instruments employed.
2[(3)Notwithstanding anything contained in sub-sections (1) and (2), in the case of any issue, sale or transfer of securities, the instrument on which stamp-duty is chargeable under section 9A shall be the principal instrument for the purpose of the section and no stamp duty shall be charged on any other instrument relating to any such transaction.]
3[x x x x].
(2) The parties may determine for themselves which of the instruments so employed shall, for the purposes of sub-section (1), be deemed to be the principal instrument :
Provided that the duty chargeable on the instrument so determined shall be the highest duty which would be chargeable in respect of any of the said instruments employed.
2[(3)Notwithstanding anything contained in sub-sections (1) and (2), in the case of any issue, sale or transfer of securities, the instrument on which stamp-duty is chargeable under section 9A shall be the principal instrument for the purpose of the section and no stamp duty shall be charged on any other instrument relating to any such transaction.]
3[x x x x].
1. Substituted by Act XII of 2011, s. 4. 2. Sub-section (3) inserted by S.O. 3808(E) dated 26.10.2020. 3. Sections 4-A and 4-B omitted by Act XII of 2011, s. 5. (For earlier amendment see Act III of 2006).