Commencement of amendments to Stamp Ordinance 1949
s 29
The provisions of this Chapter shall be deemed to have come into force on 1 January 1981.
Finance Act 1981 Chapter V — Amendments to the stamp ordinance 1949
New section 5A
s 30
The Stamp Ordinance 1949, which in this Act is referred to as the Ordinance, is amended by inserting after section 5 the following section 5A— “Loan for the purposes of small business 5A. Every instrument being the only or principal or primary security for the payment or repayment of a loan to a small business shall be indorsed by an authority approved by the Minister of Finance that the loan was made for the purposes of a small business.”.
Amendment of First Schedule
s 31
The First Schedule to the Ordinance is amended— (a) by re-numbering sub-item 27(a) as sub sub-item 27(a)(i); (b) by inserting after sub sub-item 27(a)(i) the following sub sub-item 27(a)(ii): “(ii) Being instruments under section 5A— Not exceeding RM250,000 of RM1.00 for every the aggregate loans in a RM1,000 or calendar year fractional part thereof. For each additional RM1,000 RM5.00”; and or part thereof (c) by substituting for sub sub-item 49(1)(a) the following: “(a) Without fine or When the Lease is for a period premium when Not Exceeding Exceeding the average rent exceeding one but not three years calculated for a one year exceeding or for any whole year— three years indefinite period (i) Does not NIL NIL NIL exceed RM2,400 (ii) For every RM1.00 RM2.00 RM4.00 RM250 or part thereof in excess of RM2,400 ” LAWS OF MALAYSIA
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Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
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