Stamp.
[CAP. 117
of adhesive
stamps. c. 39, s. 8.
54 & 55 Vict.
13. (1) Where stamp duty is required or permitted by law to be denoted by an adhesive stamp, such stamp shall be cancelled in such manner as to render it incapable of being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
(4) Subject to the provisions of sections 19, 22 and 24, an instrument, the stamp duty on which is denoted by an adhesive stamp, shall not be deemed to have been duly stamped unless such stamp has been cancelled as required by this section.
[11]
stamping and
14. (1) Documents chargeable with stamp duty shall be stamped in the method specified by regulations made under section 4 hereof: Provided that where so indicated in the Schedule the use of adhesive stamps shall be permitted in lieu of the method specified in such regulations.
Schedule.
(2) Postage stamps shall not be used for the purpose G.N.A. 88/49. of paying any stamp duty under this Ordinance except that-
(a) postage stamps and revenue stamps of any denomination which are overprinted by direction of the Governor with the words "contract note" may be used as adhesive stamps for the purposes of sub-head (1) of head 52 in the Schedule;
(b) postage stamps of any denomination and revenue stamps of any denomination which are by direction of the Governor overprinted as fifteen cents, ten
401
{
Stamp.
[CAP. 117
of adhesive
stamps. c. 39, s. 8.
54 & 55 Vict.
13. (1) Where stamp duty is required or permitted by Cancellation law to be denoted by an adhesive stamp, such stamp shall be cancelled in such manner as to render it incapable of being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
(4) Subject to the provisions of sections 19, 22 and 24, an instrument, the stamp duty on which is denoted by an adhesive stamp, shall not be deemed to have been duly stamped unless such stamp has been cancelled as required by this section.
[11]
stamping and
14. (1) Documents chargeable with stamp duty shall Methods of be stamped in the method specified by regulations made denoting. under section 4 hereof: Provided that where so indicated Schedule. in the Schedule the use of adhesive stamps shall be permitted 24 of 1950, in lieu of the method specified in such regulations.
Schedule.
(2) Postage stamps shall not be used for the purpose G.N.A. 88/49. of paying any stamp duty under this Ordinance except
that-
(a) postage stamps and revenue stamps of any denom- ination which are overprinted by direction of the Governor with the words "contract note" may be used as adhesive stamps for the purposes of sub- head (1) of head 52 in the Schedule;
(b) postage stamps of any denomination and revenue stamps of any denomination which are by direction of the Governor overprinted as fifteen cents, ten
401
-
No comments yet.
Private notes are available after approval.