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

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392 SECRETARIAL PRACTICE for one or other of the parties, or (3) an accredited represen- tative of a bank. In the last case, when the bank or its official nominee is a party to the transfer, the certificate may be to the effect that ‘the transfer is excepted from s. 74 of the Finance (1909-10) Act, 1910. Transfers to or from trustees other than those clearly falling within the above categories (a), (d), (¢), (f) and (g) should be required to be adjudicated, unless either they are stamped with ad valorem duty (but with a minimum of 10s.) on the market value of the stock, &c., or they have been certified by a Marking Officer under the arrangement described below. In a large number of cases transfers for a nominal con- sideration are presented to one of the Board’s Deed Marking Officers before being produced to the Registering Officer for registration. In such cases, if a written explanation of the facts is produced to the Marking Officer and accepted as justifying him in passing the transfer for stamping with 10s., he will mark the explanation with the words ‘Transfer passed for 10s.,” his signature and his office stamp, and return it to the person presenting the transfer in order that it may be available for production to the Registering Officer. The explanation will be required to contain sufficient particulars to identify it with the transfer to which it relates. An official form (No. 19) is provided for use in such cases when desired. Where a transfer for nominal consideration stamped with ros. is produced to a Registering Officer accompanied by a written explanation thus certified by one of their Marking Officers the Board will not hold the Registering Officer liable to any penalty under s. 17 of the Stamp Act, 1891, if he accepts the transfer for registration without questioning the sufficiency of the stamp. The explanation should be retained by the Registering Officer. The explanation and the Marking Officer’s certificate may sometimes be endorsed on the transfer itself, or (exception- ally) the certificate may be given on the transfer without a written explanation, the Marking Officer having been satisfied by other evidence produced to him. In either of these cases the Board will not hold the Registering Officer responsible if he registers the transfer stamped with ros. It should be understood that this certification by a Marking Officer is not equivalent to adjudication, and that it is possible that cases may arise in which the Registering Officer, in consequence of special information in his possession, or for some other good reason, may feel it incumbent upon him to require that the transfer be formally presented for ad- judication in accordance with the provisions of s. 12 of the Stamp Act, 1801.

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