Section 97 Stamp Duties Act Section 97 of Stamp Duties Act 1939 is about Meaning of stock certificate to bearer. It provides as follows: For the purposes of this Act, the expression “stock certificate to bearer” includes every stock certificate to bearer issued after the coming into operation of this Act, under the provisions of…

Section 96 Stamp Duties Act Section 96 of Stamp Duties Act 1939 is about Penalty for issuing share warrant not duly stamped. It provides as follows: If a share warrant or any instrument to bearer issued by or on behalf of any company or body of persons formed or established in Nigeria and having a…

Section 95 Stamp Duties Act Section 95 of Stamp Duties Act 1939 is about Where several instruments, one only to be charged with ad valorem duty. It provides as follows: (1) Where several instruments are executed for effecting the settlement of the same property, and the ad valorem duty chargeable in respect of the settlement…

Section 94 Stamp Duties Act Section 94 of Stamp Duties Act 1939 is about Settlements; when not to be charged as securities. It provides as follows: An instrument chargeable with ad valorem duty as a settlement in respect of any money, stock, or security shall not be charged with any further duty by reason of…

Section 93 Stamp Duties Act Section 93 of Stamp Duties Act 1939 is about Provisions as to settlement of policy or security. It provides as follows: Where any money which may become due or payable upon any policy of life insurance, or upon any security not being a marketable security, is settled or agreed to…

Section 92 Stamp Duties Act Section 92 of Stamp Duties Act 1939 is about Penalty for offences in reference to receipts. It provides as follows: If any person-(a) gives a receipt liable to duty and not duly stamped; or (b) in any case where a receipt would be liable to duty, refuses to give a…

Section 91 Stamp Duties Act Section 91 of Stamp Duties Act 1939 is about Terms upon which receipts may be stamped after execution and used in evidence un-stamped. It provides as follows: (1) A receipt given without being stamped may be stamped with an impressed stamp upon the following terms-(a) Within 28 days after it…

Section 90 Stamp Duties Act Section 90 of Stamp Duties Act 1939 is about Certain forms of receipts not dutiable. It provides as follows: Neither the name of a banker (whether accompanied by words of receipt or not) written in the ordinary course of his business as a banker upon a bill of exchange or…

Section 89 Stamp Duties Act Section 89 of Stamp Duties Act 1939 is about Provisions as to duty upon receipts. It provides as follows: (1) For the purposes of this Act, the expression “receipt” includes any note, memorandum, or writing whereby any money amounting to four naira or upwards, or any bill of exchange or…

Section 88 Stamp Duties Act Section 88 of Stamp Duties Act 1939 is about Assignment of policy of life assurance to be stamped before payment of money assured. It provides as follows: (1) No assignment of a policy of life assurance shall confer on the assignee therein named, his executors, administrators, or assigns, any right…