1496
No. 8 of 1921.
STAMP
Share contract note. 10 Edw. 7, c. 8, s. 77 (3).
Regulations.
+
Schedule.
Liability to stamp duty, nature of stamp, and time of stamping.
Schedule.
a marketable security) in the stocks or funds of any foreign or colonial state or government, or in the capital, stock or funded debt of any county council, corporation, company or society in the United Kingdom or in the Colony, or of any foreign or colonial corporation, company or society;
(29). "Share contract note" means the note sent by a broker or agent to his principal, or by any person who by way of business deals, or holds himself out as dealing, as principal in any shares or marketable securities, advising the principal or the vendor or purchaser, as the case may be, of the sale or purchase of any shares or marketable securities.
4. It shall be lawful for the Governor in Council to make regulations for the following purposes-
(a) for amending any of the provisions of the Schedule: Provided that no such amendment shall have the effect of increasing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified in the Schedule;
•
(b) for imposing any obligations, in addition to those imposed in this Ordinance and in the Schedule, which the Governor in Council may deem advisable in connexion with the payment of stamp duty: Provided that no such obligation shall have the effect of increasing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified in the Schedule;
.
(c) for giving directions as to the manner in which any stamp duty payable under this Ordinance is to be calculated or ascertained;
(d) for prescribing methods of stamping and denoting; and (e) generally for carrying out the objects of this Ordinance.
5.-(1) Subject to the exemptions contained in this Ordinance and in any other enactment, 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 Schedule.
As amended by No. 26 of 1929 [6.12.29]. Particulars of a contract for shares in a company, delivered to the registrar under the Companies Ordinance, 1932, must be stamped, and are deemed within the meaning of this Ordinance: see No. 39 of 1932, s. 44 (2). † As amended by Law Rev. Ord., 1939, Supp. Sched.
1
1496
No. 8 of 1921.
STAMP
Share con- tract note. 10 Edw. 7, c. 8, s. 77 (3).
Regulations.
+
Schedule.
Liability to
stamp duty, nature of stamp, and time of stamping.
Schedule.
a marketable security) in the stocks or funds of any foreign or colonial state or government, or in the capital, stock or funded debt of any county council, corporation, company or society in the United Kingdom or in the Colony, or of any foreign or colonial corporation, company or society;
(29)." Share contract note" means the note sent by a broker or agent to his principal, or by any person who by way of business deals, or holds himself out as dealing, as principal in any shares or marketable securities, advising the principal or the vendor or purchaser, as the case may be, of the sale or purchase of any shares or marketable securities.
4. It shall be lawful for the Governor in Council to make regulations for the following purposes-
(a) for amending any of the provisions of the Schedule: Provided that no such amendment shall have the effect of increas- ing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified in the Schedule;
•
(b) for imposing any obligations, in addition to those imposed in this Ordinance and in the Schedule, which the Governor in Council may deem advisable in connexion with the payment of stamp duty: Provided that no such obligation shall have the effect of increasing any stamp duty specified in the Schedule or of imposing any new or additional duty not specified in the Schedule;
.
(c) for giving directions as to the manner in which any stamp duty payable under this Ordinance is to be calculated or ascertained;
(d) for prescribing methods of stamping and denoting; and (e) generally for carrying out the objects of this Ordinance.
5.-(1) Subject to the exemptions contained in this Ordin- ance and in any other enactment, 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 Schedule.
As amended by No. 26 of 1929 [6.12.29]. Particulars of a contract for shares in a company, delivered to the registrar under the Companies
an instrument Ordinance, 1932, must be stamped, and are deemed within the meaning of this Ordinance: see No. 39 of 1932, s. 44 (2). † As amended by Law Rev. Ord., 1939, Supp. Sched.
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