Section 51 Stamp Duties Act Section 51 of Stamp Duties Act 1939 is about Extension of provisions as to contract notes to sale or purchase of options. It provides as follows: (1) The provisions of this Act as to contract notes shall apply to any contract under which an option is given or taken to…

Section 50 Stamp Duties Act Section 50 of Stamp Duties Act 1939 is about Obligation to execute contract note. It provides as follows: (1) Any person who effects any sale or purchase of any stock or marketable security as a broker or agent, and any person who, by way of business, deals, or holds himself…

Section 49 Stamp Duties Act Section 49 of Stamp Duties Act 1939 is about Provisions as to contract notes. It provides as follows: (1) For the purpose of this Act, the expression “contract note” means the note sent by a broker or agent to his principal, or by any person who, by way of business,…

Section 48 Stamp Duties Act Section 48 of Stamp Duties Act 1939 is about Terms upon which charter-parties may be stamped after execution. It provides as follows: A charter-party may be stamped with an impressed stamp after execution upon the following terms-(a) within seven days after the first execution thereof, on payment of the duty…

Section 47 Stamp Duties Act Section 47 of Stamp Duties Act 1939 is about Charter-parties executed abroad. It provides as follows: Where a charter-party is first executed out of Nigeria without being duly stamped, any party thereto may, within ten days after it has been first received in Nigeria and before it has been executed…

Section 46 Stamp Duties Act Section 46 of Stamp Duties Act 1939 is about Provisions as to duty on charter-party. It provides as follows: (1) For the purposes of this Act, the expression “charter-party” includes any agreement or contract for the charter of any ship or vessel or any memorandum, letter, or other writing between…

Section 45 Stamp Duties Act Section 45 of Stamp Duties Act 1939 is about Bills of sale. It provides as follows: A bill of sale shall not be registered under any law for the time being in force relating to the registration of bills of sale unless the original, duly stamped, is produced to the…

Section 44 Stamp Duties Act Section 44 of Stamp Duties Act 1939 is about Bills of lading. It provides as follows: (1) A bill of lading is not to be stamped after the execution thereof. (2) Every person who makes or executes, any bill of lading not duly stamped shall be guilty of an offence…

Section 43 Stamp Duties Act Section 43 of Stamp Duties Act 1939 is about One bill only of a set need be stamped. It provides as follows: When a bill of exchange is drawn in a set according to the custom of merchants, and one of the set is duly stamped, the other or others…

Section 42 Stamp Duties Act Section 42 of Stamp Duties Act 1939 is about Penalty for issuing any unstamped bill or note. It provides as follows: (1) Every person who issues, endorses, transfers, negotiates, presents for payment, or pays any bill of exchange or promissory note liable to duty and not being duly stamped shall…