Section 48 Stamp Duties Act

Section 48 of Stamp Duties Act 1939 is about Terms upon which charter-parties may be stamped after execution. It provides as follows:

A charter-party may be stamped with an impressed stamp after execution upon the following terms-
(a) within seven days after the first execution thereof, on payment of the duty and a penalty of forty-five kobo;

(b) after seven days but within one month after the first execution thereof, on payment of the duty and a penalty of twenty naira, and shall not in any other case be stamped with an impressed stamp.