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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F.A. 1928, s. 31. 58 & 59 Vict. >. 16. dw. 5 ry 814 SECRETARIAL PRACTICE the stamp duty chargeable in respect of that capital, be treated as being reduced by either— (i) an amount equal to the amount of the share capital of the existing company in respect of which stamp duty has been paid, or, in the case of the acquisition of a part of an undertaking, equal to such proportion of the said share capital as the value of that part of the undertaking bears to the whole value of the undertaking; or the amount to be credited as paid up on the shares to be issued as such consideration as aforesaid, gud on the shaves, if any, to be issued to creditors of the existing company in consideration of the velease of debts (whether secured ov un- secured) due ov accruing due to them from the existing company or of the assignment of such debts to the transferee company, whichever amount is the less; and (B) Stamp duty under the heading ‘ Conveyance or Transfer on Sale’ in the First Schedule to the Stamp Act, 1891, shall not be chargeable on any instrument made for the purposes of or in connection with the transfer of the undertaking or shares, or on any instrument made, for the purposes of ov in connection with the assignment to the tramsfevee company of any debts, secuved ov unsecured of the existing company, nor shall any such duty be chargeable under section twelve of the Finance Act, 1895, on a copy of any Act of Parliament, or on any instrument vesting, or relating to the vesting of, the undertaking or shares in the trans- feree company: Provided that— (@) mo such instrument shall be deemed to be duly stamped unless either it is stamped with the duty to which it would but for this section be liable or it has in accordance with the provisions of section twelve of the Stamp Act, 1891, been stamped with a particular stamp denoting either that it is not chargeable with any duty or that it is dulv stamped and in the case of an instrument made for the purposes of or in connection with a transfer to a company within the mean- ing of the Companies (Consolidation) Act, 1908, the provisions of paragraph (B) of this subsection shall not apply unless the instrument is either— (i) executed within a period of twelve months from the date of the registration of the transferee company or the date of the resolution for the increase of the nominal share capital of the transferee company, as the case may be; or made for the purpose of effecting a conveyance or transfer in pursuance of an agreement which has been filed, or particulars of which have been filed, with the registrar of companies within the said period of twelve months; and (c) the foregoing provision with respect to

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