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RESPONSIBILITY OF COMPANY SECRETARY/ REGISTRAR

Section 52(1) of The Stamp Act 1949 PROHIBITS registration, acceptance or authentication of any instrument which has not been duly stamped.

If your duties include registration, acceptance or authentication of any instrument including share transfer and DEED OF ASSIGNMENT, contact the Deputy Collector of Stamp Duty if in doubt as to whether fixed duty or ad valorem duty is payable on the instrument.

Failure to comply with the provisions of this section is subject to a fine not exceeding RM1,500.00, under Section 69(2).

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Updated : : 2012-10-12 15:36:40

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