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…

Section 75 Stamp Duties Act Section 75 of Stamp Duties Act 1939 is about Power by more than one person or to more than one person to count as one power. It provides as follows: No instrument chargeable with duty under the heading “LETTER OR POWER OF ATTORNEY, and COMMISSION, FACTORY, MANDATE or other instrument…

Section 74 Stamp Duties Act Section 74 of Stamp Duties Act 1939 is about Provisions as to proxies and voting papers. It provides as follows: (1) Every letter or power of attorney for the purpose of appointing a proxy to vote at a meeting, and every voting paper, hereby respectively charged with the duty of…

Section 73 Stamp Duties Act Section 73 of Stamp Duties Act 1939 is about Duty on both letter of allotment and letter of renunciation. It provides as follows: A separate duty shall be charged in respect of letters of allotment and letters of renunciation, although they may be contained in the same document.

Section 72 Stamp Duties Act Section 72 of Stamp Duties Act 1939 is about Provisions as to letters of allotment. It provides as follows: Every person who executes, grants, issues, or delivers out any document chargeable with duty as a letter of allotment, letter or renunciation, or scrip certificate, or as scrip, before the same…