4. Section 13 of the principal enactment as last amended by Act No. 27 of 1991 is hereby further amended as follows :
| (1) in subsection (1) of that section
| | (a) by the insertion immediately after paragraph (b) of that subsection, of the following new paragraph: "
| | | (bb) any company supplying proxy forms to shareholders of such company, " ; |
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| | (b) by the substitution for the words "shares or debenture stock issued by such company or " of the words " shares or debenture stock issued ;or created by such company or on proxy forms supplied by such company or "; | | |
| | (c) by the substitution in paragraph (ii) of that subsection, for the wards " shares or debenture stock issued by such company or ", of the words " shares or debenture stock issued or created by such company or on proxy forms supplied by such company or"; | | |
| | (d) by the insertion immediately after sub-paragraph (b) of paragraph (iii) of. that subsection, of the following sub-paragraph :
| | | (bb) the proxy forms supplied to shareholders by such company, " ; and |
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| | (e) by the omission of all the words from " For the purpose ", to the end of that paragraph ; | | |
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| (2) by the repeal of paragraph (ii) of subsection (2) of that section and the substitution therefor of the following paragraph :
| | " (ii) every bank, approved credit agency or institution shall collect the stamp duty payable in respect of every bill of exchange (other than a cheque), promissory note, trust receipt, letter of trust or declaration of trust taken by it, every pledge in respect of corporeal movables made to it, every application made to it for a letter of credit, every certificate of deposit issued by it, and any one of the documents of payment presented to it in respect of any corporeal movable (being any corporeal movable in respect of which a letter of credit has not been opened with it), " ; | | |
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| (3) by the repeal of subsection (4) of that section, and the substitution therefor, of the following subsection :
| | " (4) Where the payment of the stamp duty with which every bill of exchange (other than a cheque) promissory note, trust receipt, letter of trust, declaration of trust, pledge in respect of corporeal movables, application made for a letter of credit or certificate of deposit or any one of the documents of payment presented to it in respect of any corporeal movable (being any corporeal movable in respect of which a letter of credit has not been opened with it) has been compounded or collected and remitted, as the ease may be, in accordance with this section the company bank approved credit agency or the institution as the case may be shall certify on such bill of exchange, (other than a cheque) Promissory note, trust receipt, letter of trust, declaration of trust, pledge in respect of corporeal movable, application made for a letter of credit or certificate of deposit or document of payment, as the case may be, that the stamp duty on it has been compounded or collected and remitted as the case may be. Such certificate shall be substantially in the following form: | | |
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| (4) in subsection (6) of that section, by the substitution for the words " has been compounded as aforesaid,", of the words "has been compounded or collected and remitted as aforesaid, " ; and |
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| (5) by the addition, immediately after subsection (6) of that section, of the following new subsection :
| | " (7) For the purposes of this section " institution " means any person or a body of persons authorised by the Central Bank of Sri Lanka established by the Monetary Law Act to encase travelers cheques or issue certificate of deposit.". | | |
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Sri Lanka Consolidated Acts