Sri Lanka Consolidated Acts

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Stamp Duty (Amendment) Act (No. 29 of 1993) - Sect 2

Amendment of section 5 of Act No. 43 of 1982

2. Section 5 of the Stamp Duty Act, No. 43 of 1982 (hereinafter referred to as the "principal enactment"), as last amended by Act No. 27 of 1991, is hereby further amended as follows :
(1) by the repeal of paragraphs (20a) and (20b) of that section, and the substitution therefor of the following paragraphs :
" (20a) share certificate issued in respect of any share, in any quoted public company or the Credit Information Bureau of Sri Lanka, established by the Credit Information Bureau of Sri Lanka Act, No. 18 of 1990;
(20b) instrument executed for the transfer of any share, in any quoted public company or the Credit Information Bureau of Sri Lanka, established by the Credit Information Bureau of Sri Lanka Act, No. 18 of 1990;
(20c) convertible debenture certificate or such other instrument of a similar character as shall be determined by the Minister, issued in respect of any convertible debenture or other convertible security as the case may be, in any quoted public company and any instrument executed for the transfer of such debenture or of such other convertible security, where such sue was made or transfer was denim or after April 21, 1993 ; and
(2) by the addition, immediately after paragraph" (22) of that section, of the following new paragraph:
(23) certificate of deposit (other than any such certificate which bears the name of the depositor or his nominee) issued on or after April 1, 1993 for a period not less than four years and which is not enchased at any time prior to the expiry of that period.".


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