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Section 59 Stamp Duties Act Section 59 of Stamp Duties Act 1939 is about Where interest in land transferred by sale and possession without a conveyance. It provides as follows: Where any instrument which purports to convey any estate or interest in land, hereditament or heritage does not operate in law to transfer such estate…
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Section 58 Stamp Duties Act Section 58 of Stamp Duties Act 1939 is about Certain contracts to be chargeable as conveyances on sale. It provides as follows: (1) Any contract or agreement under seal, or under hand only, for the sale of any equitable estate or interest in any property whatsoever, or for the sale…
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Section 57 Stamp Duties Act Section 57 of Stamp Duties Act 1939 is about Direction as to duty in certain cases. It provides as follows: (1) Where property contracted to be sold for one consideration for the whole is conveyed to the purchaser in separate parts or parcels by different instruments, the consideration shall be…
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Section 56 Stamp Duties Act Section 56 of Stamp Duties Act 1939 is about How conveyance in consideration of a debt is to be charged. It provides as follows: Where any property is conveyed to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently…
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Section 55 Stamp Duties Act Section 55 of Stamp Duties Act 1939 is about Conveyance on sale with further covenant. It provides as follows: A conveyance on sale made for any consideration in respect whereof it is chargeable with ad valorem duty, and in further consideration of a covenant by the purchaser to make, or…
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Section 54 Stamp Duties Act Section 54 of Stamp Duties Act 1939 is about How consideration consisting of periodical payments to be charged. It provides as follows: (1) Where the consideration, or any part of the consideration,for the conveyance on sale consists of money payable periodically for a definite period not exceeding twenty years, so…
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Section 53 Stamp Duties Act Section 53 of Stamp Duties Act 1939 is about How ad valorem duty is to be calculated in respect of stock and securities. It provides as follows: (1) Where the consideration, or any part of the consideration,for a conveyance on saIe’ consists of any stock or marketable security, the conveyance…
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Section 52 Stamp Duties Act Section 52 of Stamp Duties Act 1939 is about Meaning of “conveyance on sale”. It provides as follows: (1) For the purposes of this Act, the expression “conveyance on sale” includes-(a) every instrument, and every decree or order of any court whereby any property, or any estate or interest in…
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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…
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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…