Stamps (Exemption from Stamp Duty) (Transfer of National Insurance Corporation Limited Shares to Corporate Holdings Limited) Instrument, 2005

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Date of promulgation: 

15 July 2005

STATUTORY INSTRUMENTS 2005 No. 71.

THE STAMPS (EXEMPTION FROM STAMP DUTY) (TRANSFER OF NATIONAL INSURANCE CORPORATION LIMITED SHARES TO CORPORATE HOLDINGS LIMITED) INSTRUMENT, 2005.

ARRANGEMENT OF RULES

Rules

  1. Title.
  2. Exemption from stamp duty.

SCHEDULE

STATUTORY INSTRUMENTS

2005 No. 71. The Stamps (Exemption from Stamp Duty) (Transfer of National Insurance Corporation Limited Shares to Corporate Holdings Limited) Instrument, 2005.

(Under section 10 of the Stamps Act, Cap. 342).

In exercise of the powers conferred on the Minister responsible for finance by section 10 of the Stamps Act, this Instrument is made this 15th day of July, 2005.

  1. Title

This Instrument may be cited as the Stamps (Exemption from Stamp Duty) (Transfer of National Insurance Corporation Limited Shares to Corporate Holdings Limited) Instrument, 2005.

  1. Exemption from stamp duty

The stamp duty chargeable under section 2 of the Act on the Instrument specified in the first column to the Schedule to this instrument on the transfer of shares to the person specified in the second column to this Schedule is exempted.

SCHEDULE.

Instrument                                                                                       Person

Transfer of 60% shareholding                                          Corporate Holdings Ltd.

of National Insurance Corporation Limited comprising of 121,164 shares.

DR. E. SURUMA,

Minister of Finance, Planning and Economic Development.