s 63 Penalty for executing and signing documents not duly stamped
(1) Any person who— (a) with intent to evade the payment of duty, draws, makes, executes or signs, otherwise than as a witness, any instrument whatsoever chargeable with duty without the same being duly stamped; (b) having drawn, made, executed or signed, other wise than as a witness, any instrument whatsoever chargeable with duty without the same being duly stamped, fails, without lawful excuse, to procure the due stamping thereof within the time within which such instrument may be stamped without penalty under this Act; or (c) issues, endorses, transfers or presents for acceptance or payment or accepts, pays or receives payment of or in any manner negotiates any cheque or promissory note without the same being duly stamped; shall be liable to a fine not exceeding one thousand five hundred ringgit. (2) When any penalty has been paid in respect of any instrument under section 43, 47A, 52 or 53, the amount of such penalty shall be allowed in reduction of the fine, if any, subsequently imposed under this section in respect of the same instrument upon the person who paid such penalty. (3) Subsection (1) shall not apply in respect of any instrument which has been indorsed as “stamped in due time” under section 40. (4) Paragraph (1)(b) shall not apply to the person mentioned in the second column hereunder in respect of the execution or signature of such of the instruments appearing in the First Schedule as are specified in the corresponding line of the first column— Title of instrument as Persons not liable to penalty described in Schedule A Conveyance, assignment, transfer or Vendor, assignor or transferor absolute bill of sale Lease or agreement for lease The lessor Charge, agreement for a charge, bond, The chargee or obligee in the case debenture, covenant and bill of sale of a transfer or reconveyance the by way of security transferor, assignor or disposer or the person giving up the security (5) For the purposes of this section a cheque issued in pursuance of section 9 shall be deemed to be duly stamped.