|
|
Extension of stamp duty on share warrants and stock certificates to bearer.
54 & 55 Vict. c. 39.
|
5.—(1) The stamp duty charged under the Stamp Act, 1891, on share warrants issued under the provisions of the Companies Act, l867,[1]
shall extend to any instrument to bearer issued by or on behalf of any company or body of persons formed or established in the United Kingdom and having a like effect as such a share warrant, and the stamp duty charged on stock certificates to bearer as defined by the Stamp Act, 1891, shall extend to any instrument to bearer issued by or on behalf of any company or body of persons formed or established in the United Kingdom, and having a like effect as such a stock certificate to bearer.
|
|
| |
(2) Section one hundred and seven of the Stamp Act, 1891 (which relates to the penalty for issuing share warrants not duly stamped), shall apply to any instrument chargeable with stamp duty under this section as a share warrant or stock certificate to bearer, in the same manner as it applies to the share warrants named in that section; and section one hundred and nine of the Stamp Act, 1891 (which relates to the penalty for issuing stock certificates unstamped), shall apply to any instrument chargeable with stamp duty under this section as a stock certificate to bearer in the same manner as it applies to the stock certificates to bearer named in that section, and as if “company or body of persons” were mentioned in sub-section one of that section as well as “local authority.”
|
