STAMP.
No. 8 of 1921.
2579
(2) All regulations made under this Ordinance shall be laid on the table of the Legislative Council at the first meeting thereof held after the publication in the Gazette of the making of such regulations, and if a resolution is passed at the first meeting of the Legislative Council held after such regulations have been laid on the table of the said Council resolving that any such regulation shall be rescinded, or amended in any manner whatsoever, the said regulation shall, without prejudice to anything done thereunder, be deemed to be rescinded, or amended, as the case may be, as from the date of publication in the Gazette of the passing of such resolution.
5.—(1) The instruments specified in the second column of the Schedule shall be chargeable with the stamp duties respectively specified in the third column of the said Schedule.
(2) The stamps to be affixed or impressed upon the said instruments shall be adhesive, impressed, or overembossed, as may be respectively specified in the fourth column of the said Schedule.
(3) Subject to the provisions of sections 16, 17, 18 and 20, the points of time before which, and the periods of time within which, the respective instruments must be stamped shall be those specified in the fifth column of the said Schedule, and where in the said fifth column it is provided that an instrument is to be stamped within a certain period of time after execution, the said period of time shall be reckoned as commencing on the day after the execution of the instrument in question by the person who first executes it, unless otherwise stated in the said Schedule.
(4) Where in the fifth column of the said Schedule it is specified that an instrument is to be stamped before execution, such instrument must be stamped before execution by any party thereto.
(5) If any instrument which is chargeable with stamp duty is not duly stamped, the person or persons respectively specified in the sixth column of the said Schedule as being liable for stamping shall be liable, or jointly and severally liable, as the case may be, civilly to the Collector for the payment of the specified duty.
* As amended by Law Rev. Ord., 1924.
STAMP.
No. 8 of 1921.
2579
(2) All regulations made under this Ordinance shall be laid on the table of the Legislative Council at the first meet- ing thereof held after the publication in the Gazette of the making of such regulations, and if a resolution is passed at the first meeting of the Legislative Council held after such regulations have been laid on the table of the said Council resolving that any such regulation shall be rescinded, or amended in any manner whatsoever, the said regulation shall, without prejudice to anything done thereunder, be deemed to be rescinded, or amended, as the case may be, as from the date of publication in the Gazette of the passing of such resolution.
nature of
5.—(1) The instruments specified in the second column Liability to of the Schedule shall be chargeable with the stamp duties stamp duty, respectively specified in the third column of the said stamp, and Schedule.
(2) The stamps to be affixed or impressed upon the said instruments shall be adhesive, impressed, or overembossed, as may be respectively specified in the fourth column of the said Schedule.
(3) Subject to the provisions of sections 16, 17, 18 and 20, the points of time before which, and the periods of time within which, the respective instruments must be stamped shall be those specified in the fifth column of the said Schedule, and where in the said fifth column it is provided that an instrument is to be stamped within a certain period of time after execution, the said period of time shall be reckoned as commencing on the day after the execution of the instrument in question by the person who first executes it, unless otherwise stated in the said Schedule.
(4) Where in the fifth column of the said Schedule it is specified that an instrument is to be stamped before execu- tion, such instrument must be stamped before execution by any party thereto.
(5) If any instrument which is chargeable with stamp duty is not duly stamped, the person or persons respectively specified in the sixth column of the said Schedule as being liable for stamping shall be liable, or jointly and severally liable, as the case may be, civilly to the Collector for the payment of the specified duty.
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* As amended by Law Rev. Ord., 1924.
time of
stamping.
Schedule.
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