1996 ORDINANCE No. 16 of 1886 .
Stamp.
Powers of
Collector. The Collector of stamp duty may stamp documents after execution
in cases where he shall be satisfied that the omission or neglect to stamp
or to stamp sufficiently did not arise from any intention to evade pay
ment to stamp duty or otherwise to defraud, subject to the following
-
rules :
1. Transfers of shares shall not be stamped until the numbers
of the shares and the consideration money are entered ,
when they may be stamped before execution subject to the
provisions of article 35 of the schedule.
2. Documents executed out of the Colony shall be stamped
when they are received in the Colony, if they have not
been previously stamped according to this Ordinance .
3. Bills of exchange and promissory notes executed in the
Colony shall not be stamped after execution .
4. In all other cases of stamping after execution there shall be
charged as a penalty, if within one month of execution
double, if within two months ten times, if after two months
twenty times the deficient duty,
5. If the Collector be satisfied that the omission or neglect to
stamp arose solely from urgent necessity or unavoidable
accident, he shall remit the penalty prescribed by this
section .He may require sworn or other evidence as to the
circumstances at his discretion .
Adjudication.
Adjudication. 11. Whenever any person is in doubt respecting the proper amount
of stamp duty payable upon any document, he may apply to the Collector
for an adjudication on such document, at the same time depositing a fee
of one dollar, whereon the Collector shall determine the amount of duty
to which such document is liable, and on payment thereof shall impress
the document with stamps to that amount, also with an additional stamp
denoting that the adjudication fee has been paid .
If the Collector is of opinion that the document is not chargeable
with any duty he may stamp such document with a particular stamp
denoting that it is not chargeable with any duty, or may make an entry
to that effect on such document, in addition to which he shall impress it
with the adjudication fee stamp.