Finance Act, 1998
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Amendment of section 59 (certain contracts to be chargeable as conveyances on sale) of Stamp Act, 1891. |
119.—(1) Section 59 of the Stamp Act, 1891, is hereby amended by the insertion of the following subsection after subsection (6): | |
“(7) In subsection (1) ‘stock, or marketable securities’ does not include a share warrant issued in accordance with the provisions of section 88 of the Companies Act, 1963 .”. | ||
(2) This section shall apply to contracts or agreements for the sale of share warrants entered into on or after the 4th day of March, 1998. |