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 to trade or business or where the exercise of the power conferred by this section is in the interest of Nigeria or of a State thereof, the President or Governor, as the case may be, may make regulations-
(a) for compounding any duty; or

(b) for delivery of accounts by, and collecting duty from, the persons making or issuing the instruments upon which the duty is charged.