STAMP DUTY (EXEMPTION) (NO.21) ORDER 1999

STAMP DUTY (EXEMPTION) (NO.21) ORDER 1999

 

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.  (1)     This order may be cited as the Stamp Duty (Exemption) (No. 21) Order 1999.

(2)     This Order shall be deemed to have come into operation on 15 March 1999.

Interpretation

2.  For the purposes of this Order -

"Malaysian Exchange of Securities Dealing And Automated Quotation Berhad" means a stock exchange approved under section 8 of the Securities Industry Act 1983 [Act 280];

"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.

Exemption

3.  It is hereby exempted from stamp duty all instruments of transfer -

(a)     of shares, stocks and marketable securities in public companies listed or to be listed on the Malaysian Exchange of Securities Dealing And Automated Quotation Berhad executed in favour of the Malaysian Central Depository Sendirian Berhad; or

(b)     of the beneficial interest of the shares, stocks and marketable securities in public companies listed or to be listed on the Malaysian Exchange of Securities Dealing And Automated Quotation Berhad held for the account of the transferor by the Malaysian Central Depository Sendirian Berhad.

 

Made 4 August 1999.

[Perb. (8. 09) 248/39/7-330 Vol. 2; LHDN. 01/34/42/68-180-1 (6/99) ; PN(PU2) 159/XXI]

 

DATO' MUSTAPA BIN MOHAMED

Second Minister of Finance