Section 105 Stamp Duties Act Section 105 of Stamp Duties Act 1939 is about Relief from transfer duty in case of transfer of property as between associated companies. It provides as follows: (1) Duty under the heading “CONVEYANCE OR TRANSFER ON SALE”in the Schedule to this Act shall not be chargeable on an instrument to…

Section 104 Stamp Duties Act Section 104 of Stamp Duties Act 1939 is about Relief from capital and transfer duty in case of reconstructions or amalgamation of companies. It provides as follows: (1) If in connection with a scheme for the reconstruction of any company or companies or the amalgamation of any companies it is…

Section 103 Stamp Duties Act Section 103 of Stamp Duties Act 1939 is about Reduction of duty on loan capital issued for the purpose of the conversion or consolidation of existing capital. It provides as follows: (1) Where it is shown to the satisfaction of the Corporate Affairs Commission that the loan capital issued by…

Section 102 Stamp Duties Act Section 102 of Stamp Duties Act 1939 is about Duty on loan capital. It provides as follows: (1) Where any corporation, company or body of persons formed or established in Nigeria propose to issue any loan capital, they shall, before the issue thereof, deliver to the Corporate Affairs Commission a…

Section 101 Stamp Duties Act Section 101 of Stamp Duties Act 1939 is about Charge of duty on capital of companies with limited liability otherwise than under Cap. C20. It provides as follows: (1) Where, by virtue of any letters patent or by any Act or Law or by any other lawful authority, the liability…

Section 100 Stamp Duties Act Section 100 of Stamp Duties Act 1939 is about Charge of duty on capital of limited liability companies. It provides as follows: (1) A statement of the amount which shall form the nominal share capital of any company to be registered with limited liability and a statement of the amount…

Section 99 Stamp Duties Act Section 99 of Stamp Duties Act 1939 is about Meaning and provisions as to warrants for goods. It provides as follows: (1) For the purposes of this Act, the expression “warrant for goods” means any document or writing, being evidence of the title of any person therein named, or his…

Section 98 Stamp Duties Act Section 98 of Stamp Duties Act 1939 is about Penalty for neglecting to cancel stock certificate upon registration. It provides as follows: (1) Where the holder of a stock certificate to bearer or an instrument to bearer chargeable as a stock certificate to bearer has been entered on the register…

Section 97 Stamp Duties Act Section 97 of Stamp Duties Act 1939 is about Meaning of stock certificate to bearer. It provides as follows: For the purposes of this Act, the expression “stock certificate to bearer” includes every stock certificate to bearer issued after the coming into operation of this Act, under the provisions of…

Section 96 Stamp Duties Act Section 96 of Stamp Duties Act 1939 is about Penalty for issuing share warrant not duly stamped. It provides as follows: If a share warrant or any instrument to bearer issued by or on behalf of any company or body of persons formed or established in Nigeria and having a…