Section 85 Stamp Duties Act Section 85 of Stamp Duties Act 1939 is about Stamp on policy of insurance against accident and sickness. It provides as follows: A policy of insurance against accident is not to be charged with any further duty than six kobo by reason of the same extending to any payment to…

Section 84 Stamp Duties Act Section 84 of Stamp Duties Act 1939 is about Interpretation (Policies of insurance). It provides as follows: For the purposes of this Act, unless the context otherwise requires- “policy of insurance” includes every writing other than cover notes, slips or other instruments usually made in anticipation of the issue of…

Section 83 Stamp Duties Act Section 83 of Stamp Duties Act 1939 is about Duty on notarial acts may be denoted by adhesive stamps. It provides as follows: The duty upon a notarial act and upon the protest by a notary public of a bill of exchange or promissory note may be denoted by an…

Section 82 Stamp Duties Act Section 82 of Stamp Duties Act 1939 is about Security for future advances, how to be charged. It provides as follows: (1) A security for the payment or repayment of money to be lent, advanced, or paid, or which may become due upon an account current, either with or without…

Section 81 Stamp Duties Act Section 81 of Stamp Duties Act 1939 is about Direction as to duty in certain cases. It provides as follows: (1) A security for the transfer or re-transfer of any stock shall be charged with the same duty as a similar security for a sum of money equal in amount…

Section 80 Stamp Duties Act Section 80 of Stamp Duties Act 1939 is about Meaning of “mortgage” and “equitable mortgage”. It provides as follows: (1) For the purposes of this Act, the expression “mortgage” means a security by way of mortgage for the payment of any definite and certain sum of money advanced or lent…

Section 79 Stamp Duties Act Section 79 of Stamp Duties Act 1939 is about Duty reduced in case of short-term marketable securities. It provides as follows: (1) The stamp duty charged on marketable securities transferable by delivery shall, when the amount secured by the security is to be paid off within a term not exceeding…

Section 78 Stamp Duties Act Section 78 of Stamp Duties Act 1939 is about Marketable security transferable on delivery to be stamped on execution. It provides as follows: (1) A marketable security transferable on delivery (not being a foreign security or a Commonwealth Government Security made or issued out of Nigeria) shall be stamped on…

Section 77 Stamp Duties Act Section 77 of Stamp Duties Act 1939 is about Meaning of marketable security transferable on delivery and instrument to bearer. It provides as follows: An instrument used for the purpose of assigning, transferring marketable or in any manner negotiating the right to any marketable security, security share or stock, shall,…

Section 76 Stamp Duties Act Section 76 of Stamp Duties Act 1939 is about Meaning of “marketable securities”. It provides as follows: Marketable securities whether or not transferable by delivery for the purposes of the charge of duty thereon include- (a) a marketable security made or issued by or on behalf of any company or…