Sri Lanka Consolidated Acts

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Stamp Duty (Amendment) Act (No. 71 of 1988) - Sect 7

Amendment of section 13 of the principal enactment

7. Section 13 of the principal enactment is hereby amended as follows :
(1) in subsection (1) of that section
(a) by the substitution in paragraph (e), for the words, " the High Court, or a District Court,", of the words, " the High Court, a District Court or any other court created or established by law "; and
(b) by the substitution, for the words, " cheque drawn and issued on forms supplied " wherever those words appear in that subsection, of the words, " cheque forms supplied ";
(2) by the insertion immediately after subsection (4) of that .section of the following subsection :
"(4A) Where the payment of stamp duty payable on shares or debenture stock issued by a company has been compounded under this section, the principal officer of such company authorized under subsection (1), shall endorse on each such share, or debenture certificate the amount of stamp duty payable on such share or debenture certificate and that the payment of such stamp duty has been compounded in accordance with this section." ;
(3) in subsection (5) of that section, by the substitution, for the words, " the High Court or a District Court ", of the words, " the High Court, a District Court or any other court created or established by law ".


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