Skip to content
Contents

Part XII

359. Stamp duty exemption

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

During the liquidation of a company –

(a)

every deed relating solely to immovable property, or to any estate, right or interest in, any movable or immovable property, that forms part of the property of the company both before and after execution of the deed; and

(b)

every power of attorney, proxy paper, writ, order, certificate, affidavit, bond or other written instrument relating solely to –

(i)

the property of the company; or

(ii)

any legal process or other legal proceeding that is part of the liquidation, shall be exempt from stamp duty.

CHAPTER 10

Powers of the Court in Liquidation and

Provisional Liquidation