STAMP
DUTY (EXEMPTION) (NO. 41) ORDER 2002 [P.U.(A) 458]
(Gazetted
on 21 November, 2002)
IN exercise of the powers conferred by subsection 80(1) of the Stamp
Act 1949 [Act 378], the Minister makes the following order:
Citation
1. This order may be cited as the Stamp Duty (Exemption) (No.
41) Order 2002.
Exemption
2. (1) All instruments of transfer for the following are exempted
from stamp duty:
(a) of shares, stock and marketable securities in companies not
listed or removed from the list on the Kuala Lumpur Stock Exchange executed in
favour of the Malaysian Central Depository Sendirian Berhad; or
(b) of the beneficial interest of such shares, stock and
marketable securities in companies not listed or removed from the list on the
Kuala Lumpur Stock Exchange held for the account of the transferor by the
Malaysian Central Depository Sendirian Berhad.
(2) For the purpose of
subparagraph (1), "Malaysian Central Depository Sendirian Berhad"
means a central depository approved under section 5 of the Securities Industry
(Central Depositories) Act 1991 [Act 453], and includes its nominee companies.
Made 7 November 2002
[Perb. (8.09) 248/39/7-603; LHDN. 01/34/42/68-180-1(29/02); PN(PU2)159/XXVII]
On behalf and in the name of the
Minister of Finance
CHAN KONG CHOY
Deputy Minister of Finance
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