CAP. 117]
[s. 28 cont.]
Refusal to give receipt.
Stamp.
intended to be used is to be held and shall be available only at the meeting so specified and any adjournment thereof.
(2) Any person who votes or attempts to vote under or by means of any letter or power of attorney which is not duly stamped, and every person who accepts any such vote, shall be deemed to commit an offence.
(3) Any vote given or tendered under the authority or by means of any such letter or power of attorney which is not duly stamped shall be absolutely null and void.
29. Any person who refuses to give a duly stamped receipt in any case where a receipt would be chargeable with stamp duty shall be deemed to commit an offence against this Ordinance.
54 & 55 Vict. c. 39, s. 103.
Certain mortgages of shares chargeable as agreements. 54 & 55 Vict. c. 39, s. 23.
Share contract notes.
10 Edw. 7, c. 8, s. 78 (1).
38 of 1947, s. 3.
10 Edw. 7, [25]
30. (1) Any instrument under hand only (not being a promissory note or bill of exchange) given upon the occasion of the deposit of any share warrant or certificate to bearer or foreign or colonial share certificate, or any security for money transferable by delivery, by way of security for any loan, shall be deemed to be an agreement and shall be charged with duty accordingly.
(2) Any instrument under hand only (not being a promissory note or bill of exchange) making redeemable or qualifying a duly stamped transfer, intended as a security, of any registered share or marketable security shall be deemed to be an agreement and shall be charged with duty accordingly.
(3) A release or discharge of any such instrument shall not be chargeable with any ad valorem duty.
[25A]
31. (1) Any person who effects any sale or purchase of any shares or marketable securities as a broker or agent or as a principal shall forthwith make and execute a contract note and transmit the note to his principal or to the vendor or purchaser of the shares or marketable securities as the case may be.
(2) No broker, agent or other person shall have any legal claim to any charge for brokerage, commission or agency with reference to the sale or purchase of any shares
Page 25
Page 26
412
t
CAP. 117]
[s. 28 cont.]
Refusal to give receipt.
Stamp.
intended to be used is to be held and shall be available only at the meeting so specified and any adjournment thereof.
(2) Any person who votes or attempts to vote under or by means of any letter or power of attorney which is not duly stamped, and every person who accepts any such vote, shall be deemed to commit an offence.
(3) Any vote given or tendered under the authority or by means of any such letter or power of attorney which is [24] not duly stamped shall be absolutely null and void.
29. Any person who refuses to give a duly stamped 54 & 55 Vict. receipt in any case where a receipt would be chargeable with stamp duty shall be deemed to commit an offence against this Ordinance.
c. 39, s. 103.
Certain
mortgages of shares chargeable as agreements. 54 & 55 Vict. c. 39, s. 23.
Share contract notes.
10 Edw. 7,
c. 8, s. 78 (1).
38 of 1947, s.3.
10 Edw. 7,
[25]
30. (1) Any instrument under hand only (not being a promissory note or bill of exchange) given upon the occasion of the deposit of any share warrant or certificate to bearer or foreign or colonial share certificate, or any security for money transferable by delivery, by way of security for any loan, shall be deemed to be an agreement and shall be charged with duty accordingly.
(2) Any instrument under hand only (not being a promissory note or bill of exchange) making redeemable or qualifying a duly stamped transfer, intended as a security, of any registered share or marketable security shall be deemed to be an agreement and shall be charged with duty accordingly.
(3) A release or discharge of any such instrument shall not be chargeable with any ad valorem duty.
[25A]
31. (1) Any person who effects any sale or purchase. of any shares or marketable securities as a broker or agent or as a principal shall forthwith make and execute a contract note and transmit the note to his principal or to the vendor or purchaser of the shares or marketable securities as the case may be.
(2) No broker, agent or other person shall have any c. 8, s. 78 (3). legal claim to any charge for brokerage, commission or agency with reference to the sale or purchase of any shares
412
Page 25Page 26
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