9. Section 15 of the principal enactment is hereby amended by the addition immediately after subsection (3) of that section, of the following new subsection :
| " (4) Where any property transferred consists of shares of a company the stamp duty with which the instrument of "transfer is chargeable shall be calculated:
| | (a) where such transfer is by way of gift, on the value of the shares on the date of transfer; | | |
| | (b) where such transfer is by way of sale on the value of such shares on the date on which the offer of the sale is accepted or on the price agreed upon by the parties whichever is higher.". | | |
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Sri Lanka Consolidated Acts