Section 111 Stamp Duties Act Section 111 of Stamp Duties Act 1939 is about Duties and fines may be recovered summarily. It provides as follows: All duties, fines, penalties and debts due to the Government of the Federation imposed by this Act shall be recoverable in a summary manner in the name of the Attorney…

Section 110 Stamp Duties Act Section 110 of Stamp Duties Act 1939 is about Duty and debts recoverable with lines and penalties. It provides as follows: Proceedings for the recovery of any duty imposed by this Act or for the recovery of any debt due to the Government of the Federation under this Act may…

Section 109 Stamp Duties Act Section 109 of Stamp Duties Act 1939 is about Provision for remission of duty in certain cases. It provides as follows: Where it is shown to the satisfaction of the President or Governor that duty has been paid on an instrument in Nigeria in addition to stamp duty already paid…

Section 108 Stamp Duties Act Section 108 of Stamp Duties Act 1939 is about Conditions and agreements as to duty void. It provides as follows: Every condition of sale framed with the view of precluding objection or requisition upon the ground of absence or insufficiency of stamp upon any instrument executed after the commencement of…

Section 107 Stamp Duties Act Section 107 of Stamp Duties Act 1939 is about Power to make regulations for compounding duty. It provides as follows: Where the collection of duty or the stamping of instruments according to the provisions of this Act is impracticable or inexpedient, or where such collection or stamping causes undue inconvenience…

Section 106 Stamp Duties Act Section 106 of Stamp Duties Act 1939 is about Innocent person suffering loss may recover against guilty person. It provides as follows: Where any person by the production of an unstamped or insufficiently stamped instrument or otherwise, renders himself subject to a fine, penalty or forfeiture and is made thereby…

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…