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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…