Stamp Duties Act

An Act to provide for the levying of stamp duties on certain matters.

[1st April, 1939]

[Commencement.]

Sections

Section 1 Stamp Duties Act – Short title.

Section 2 Stamp Duties Act – Interpretation.

Section 3 Stamp Duties Act – Charge of duties in Schedule.

Section 4 Stamp Duties Act – Stamping and collection of duties on corporate instruments.

Section 5 Stamp Duties Act – Manner of denoting duty.

Section 6 Stamp Duties Act – Commissioners of stamp duties.

Section 7 Stamp Duties Act – Discontinuance and issue of dies.

Section 8 Stamp Duties Act – Instruments to be separately charged with duty in certain cases.

Section 9 Stamp Duties Act – Facts and circumstances affecting duty to be set forth in instrument.

Section 10 Stamp Duties Act – Mode of calculating ad valorem duty in certain cases.

Section 11 Stamp Duties Act – Cancellation of adhesive stamps.

Section 12 Stamp Duties Act – Proper time for stamping instruments.

Section 13 Stamp Duties Act – Penalty for fraud in relation to adhesive stamps.

Section 14 Stamp Duties Act – Appropriated stamps.

Section 15 Stamp Duties Act – As to denoting certificate.

Section 16 Stamp Duties Act – The commissioner may be required to express his opinion as to duty.

Section 17 Stamp Duties Act – The commissioner may call for and refuse to proceed without evidence.

Section 18 Stamp Duties Act – Persons authorised to take declarations and affidavits.

Section 19 Stamp Duties Act – Effect of assessment by commissioner and payment of duty in accordance therewith.

Section 20 Stamp Duties Act – Two commissioners not to adjudicate on same instrument.

Section 21 Stamp Duties Act – Persons dissatisfied may appeal.

Section 22 Stamp Duties Act – Terms upon which instruments not duly stamped may be received in evidence.

Section 23 Stamp Duties Act – Stamping of instruments after execution.

Section 24 Stamp Duties Act – Certain rolls and books to be open to inspection.

Section 25 Stamp Duties Act – Penalty for enrolling instrument not stamped.

Section 26 Stamp Duties Act – Destruction of unclaimed instruments.

Section 27 Stamp Duties Act – Mode of denoting duty (Admission).

Section 28 Stamp Duties Act – Adhesive stamps may be used for agreements.

Section 29 Stamp Duties Act – Certain mortgages of stock to be chargeable as agreements.

Section 30 Stamp Duties Act – Hire purchase agreement to be stamped.

Section 31 Stamp Duties Act – Definition of “appraiser”.

Section 32 Stamp Duties Act – Appraisements to be written out.

Section 33 Stamp Duties Act – Meaning of instrument of apprenticeship.

Section 34 Stamp Duties Act – Meaning of “banker” and “bank note”.

Section 35 Stamp Duties Act – Bankers not to issue bank notes in Nigeria other than those of Central Bank of Nigeria.

Section 36 Stamp Duties Act – Meaning of “bill of exchange”.

Section 37 Stamp Duties Act – Meaning of “promissory note”.

Section 38 Stamp Duties Act – Statement of duty payable on promissory note containing guarantee.

Section 39 Stamp Duties Act – Provisions for use of adhesive stamps on bills and notes.

Section 40 Stamp Duties Act – Provisions as to stamping foreign bills and notes.

Section 41 Stamp Duties Act – Provisions as to bills and notes purporting to be drawn abroad.

Section 42 Stamp Duties Act – Penalty for issuing any unstamped bill or note.

Section 43 Stamp Duties Act – One bill only of a set need be stamped.

Section 44 Stamp Duties Act – Bills of lading.

Section 45 Stamp Duties Act – Bills of sale.

Section 46 Stamp Duties Act – Provisions as to duty on charter-party.

Section 47 Stamp Duties Act – Charter-parties executed abroad.

Section 48 Stamp Duties Act – Terms upon which charter-parties may be stamped after execution.

Section 49 Stamp Duties Act – Provisions as to contract notes.

Section 50 Stamp Duties Act – Obligation to execute contract note.

Section 51 Stamp Duties Act – Extension of provisions as to contract notes to sale or purchase of options.

Section 52 Stamp Duties Act – Meaning of “conveyance on sale”.

Section 53 Stamp Duties Act – How ad valorem duty is to be calculated in respect of stock and securities.

Section 54 Stamp Duties Act – How consideration consisting of periodical payments to be charged.

Section 55 Stamp Duties Act – Conveyance on sale with further covenant.

Section 56 Stamp Duties Act – How conveyance in consideration of a debt is to be charged.

Section 57 Stamp Duties Act – Direction as to duty in certain cases.

Section 58 Stamp Duties Act – Certain contracts to be chargeable as conveyances on sale.

Section 59 Stamp Duties Act – Where interest in land transferred by sale and possession without a conveyance.

Section 60 Stamp Duties Act – Provision as to sale of an annuity or right not before in existence.

Section 61 Stamp Duties Act – Principal instrument, how to be ascertained.

Section 62 Stamp Duties Act – Duty payable in certain cases under an Act on vesting of property.

Section 63 Stamp Duties Act – Duty on gifts inter vivos.

Section 64 Stamp Duties Act – Licence with a grant to enter upon land.

Section 65 Stamp Duties Act – What is to be deemed a conveyance on any occasion not being a sale or mortgage.

Section 66 Stamp Duties Act – Provision as to duplicates and counterparts.

Section 67 Stamp Duties Act – Provisions as to exchange.

Section 68 Stamp Duties Act – Agreements to be charged as lease.

Section 69 Stamp Duties Act – Leases, how to be charged in respect of produce.

Section 70 Stamp Duties Act – Directions as to duty in certain cases.

Section 71 Stamp Duties Act – Duty on certain leases may be denoted by adhesive stamp.

Section 72 Stamp Duties Act – Provisions as to letters of allotment.

Section 73 Stamp Duties Act – Duty on both letter of allotment and letter of renunciation.

Section 74 Stamp Duties Act – Provisions as to proxies and voting papers.

Section 75 Stamp Duties Act – Power by more than one person or to more than one person to count as one power.

Section 76 Stamp Duties Act – Meaning of “marketable securities”.

Section 77 Stamp Duties Act – Meaning of marketable security transferable on delivery and instrument to bearer.

Section 78 Stamp Duties Act – Marketable security transferable on delivery to be stamped on execution.

Section 79 Stamp Duties Act – Duty reduced in case of short-term marketable securities.

Section 80 Stamp Duties Act – Meaning of “mortgage” and “equitable mortgage”.

Section 81 Stamp Duties Act – Direction as to duty in certain cases.

Section 82 Stamp Duties Act – Security for future advances, how to be charged.

Section 83 Stamp Duties Act – Duty on notarial acts may be denoted by adhesive stamps.

Section 84 Stamp Duties Act – Interpretation (Policies of Insurance).

Section 85 Stamp Duties Act – Stamp on policy of insurance against accident and sickness.

Section 86 Stamp Duties Act – Duty on policy of marine insurance.

Section 87 Stamp Duties Act – Penalty for not making out policy of insurance or making any policy not stamped.

Section 88 Stamp Duties Act – Assignment of policy of life assurance to be stamped before payment of money assured.

Section 89 Stamp Duties Act – Provisions as to duty upon receipts.

Section 90 Stamp Duties Act – Certain forms of receipts not dutiable.

Section 91 Stamp Duties Act – Terms upon which receipts may be stamped after execution and used in evidence unstamped.

Section 92 Stamp Duties Act – Penalty for offences in reference to receipts.

Section 93 Stamp Duties Act – Provisions as to settlement of policy or security.

Section 94 Stamp Duties Act – Settlements; when not to be charged as securities.

Section 95 Stamp Duties Act – Where several instruments, one only to be charged with ad valorem duty.

Section 96 Stamp Duties Act – Penalty for issuing share warrant not duly stamped.

Section 97 Stamp Duties Act – Meaning of stock certificate to bearer.

Section 98 Stamp Duties Act – Penalty for neglecting to cancel stock certificate upon registration.

Section 99 Stamp Duties Act – Meaning and provisions as to warrants for goods.

Section 100 Stamp Duties Act – Charge of duty on capital of limited liability companies.

Section 101 Stamp Duties Act – Charge of duty on capital of companies with limited liability otherwise than under Cap. C20.

Section 102 Stamp Duties Act – Duty on loan capital.

Section 103 Stamp Duties Act – Reduction of duty on loan capital issued for the purpose of the conversion or consolidation of existing capital.

Section 104 Stamp Duties Act – Relief from capital and transfer duty in case of reconstructions or amalgamation of companies.

Section 105 Stamp Duties Act – Relief from transfer duty in case of transfer of property as between associated companies.

Section 106 Stamp Duties Act – Innocent person suffering loss may recover against guilty person.

Section 107 Stamp Duties Act – Power to make regulations for compounding duty.

Section 108 Stamp Duties Act – Conditions and agreements as to duty void.

Section 109 Stamp Duties Act – Provision for remission of duty in certain cases.

Section 110 Stamp Duties Act – Duty and debts recoverable with fines and penalties.

Section 111 Stamp Duties Act – Duties and fines may be recovered summarily.

Section 112 Stamp Duties Act – Fixed penalties.

Section 113 Stamp Duties Act – Power to mitigate fines and stay proceedings.

Section 114 Stamp Duties Act – Fines and penalties recoverable within five years.

Section 115 Stamp Duties Act – Power to make regulations relating to stamp duties.

Section 116 Stamp Duties Act – Schedule may be varied by resolution and order.

Section 117 Stamp Duties Act – Certain temporary occupation licences not liable to duty under Cap. 126 of the 1923 edition.

Section 118 Stamp Duties Act – Repeal of Cap. 126 of the 1923 edition and amending Act.

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Schedules – (Not Available)