STAMP DUTY (EXEMPTION) (NO.23) ORDER 2000

STAMP DUTY (EXEMPTION) (NO.23) ORDER 2000

 

In exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949 [Act 378], the Minister makes the following order:

Citation and commencement

1.  (1)     This order may be cited as the Stamp Duty (Exemption) (No. 23) Order 2000.

(2)     This Order shall come into operation on 1 July 2000.

Interpretation

2.  For the purpose of this Order, "debenture" shall have the meaning assigned by subsection 2(1) of the Securities Commission Act 1993 [Act 498].

Exemption

3.  All instruments relating to the issue of, offer for subscription or purchase of, or invitation to subscribe for or purchase, debentures approved by the Securities Commission under section 32 of the Securities Commission Act 1993 and the transfer of such debentures, are exempted from stamp duty.

Revocation

4.  The Stamp Duty (Exemption) (No. 2) Order 2000 [P. U. (A) 16/2000] published on 27 January 2000 is revoked.

 

Made 27 June 2000.

[Perb. (8. 08) 248/39/7-88 Vol. 5 (SK. 4) ; LHDN. 01/12/(S) /42/68;

PN(PU2) 159/XXIII]

 

On behalf and in the name of the Minister of Finance,

CHAN KONG CHOY

Deputy Minister of Finance