Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XXIX. Stamp duties

Collection:: Economics Books

STAMP DUTIES 357 of the converted and consolidated capital, duty on so much of the loan capital converted or consolidated as is shown to the satisfaction of the Commissioners of Inland Revenue to have been included in the first statement shall be repayable at 2s. per cent. The instruments next in importance to secretaries of companies are the instruments in use in connection with the business of the company. An agreement executed under the seal of a company, which is not otherwise charged with stamp duty, is chargeable in England with the fixed duty of 10s., but in Scotland is charge- able with the duty of 64., unless it contains a clause of registra- tion. It is not, however, necessary that all agreements with a company should be under the seal of the company, as the Companies Act, 1929, provides in s. 29 (1) that ‘a contract which, if made between private persons would be by law required to be in writing signed by the parties to be charged therewith, may be made on behalf of the company in writing signed by any person acting under its authority, express or mplied’ and such a contract may in the same manner be varied or discharged [s. 29 (3)]. A contract by a company made as provided by this section, being merely an agreement under the hand of an officer of the company is charged with the stamp duty of 6d. only. This duty may be denoted by an adhesive stamp, and there are five exemptions from the duty of which the first three are important, and are (1) when the matter of the agreement is not of the value of £5; (2) when it is for the hire of a labourer, artificer, manufacturer, or menial servant; and (3) when it is for or relating to the sale of goods, wares, or merchandise. The duty on letters of allotment and letters of renunciation Letters of or any other document having the effect of a letter of allot- Allotment. ment of shares or loans is 1d. where the nominal amount allotted is less than £5, and 6d. in other cases. A separate duty is chargeable in respect of letters of allotment and letters of renunciation although contained in the same instrument. The duty on a letter of renunciation, whether charged with td. or 6d., may be denoted by an adhesive stamp; but im- pressed stamps are necessary in the case of any other of these documents, and the stamp must be impressed before signature. The duty on an affidavit or statutory declaration is 2s. 64. Affidavits There are six exemptions from this duty, but the only exemp- and tion which is important to secretaries of companies is the Staosiory Exemption No. 2, which, as amended bv s. 6 of the Finance ’

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation