Examples of Stamp Duty Ordinance in a sentence
The Company has paid promptly all sums payable by it (if necessary) under the Stamp Duty Ordinance, the Companies Ordinance and any other Ordinance or legislation and no sums are presently payable by the Company under any such Ordinance, legislation or regulations.
As the Scheme does not involve the sale and purchase of Hong Kong stock, no stamp duty will be payable pursuant to the Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong) on the cancellation of the Scheme Shares upon the Scheme becoming effective.
As the Scheme does not involve the sale and purchase of Hong Kong stock, no stamp duty will be payable pursuant to the Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong) on the cancellation of the Scheme Shares upon the Scheme becoming effective and binding.
The Parties agree that Cxxxxxxxx’s portion of the stamp duty expected by the Parties to be payable in respect of the Transfer of Master Franchisee shall be paid by JVC on behalf of Cartesian promptly and in any event within the time frame specified in, and in accordance with the requirements of the Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong).
In the above cases, the Defaulting Shareholder shall be solely responsible for any Stamp Duty payable in relation to the transfer of shares in accordance the Stamp Duty Ordinance.
The Offeror will arrange for payment of the seller’s Hong Kong ad valorem stamp duty on behalf of the relevant Independent Shareholders accepting the Offer and pay the buyer’s Hong Kong ad valorem stamp duty in connection with the acceptance of the Offer and the transfer of the Offer Shares in accordance with the Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong).
Accordingly the Participating Shares will not constitute Hong Kong stock for the purposes of the Stamp Duty Ordinance of Hong Kong and a charge to Hong Kong stamp duty should not arise on the redemption or transfer of any Participating Shares.
Each of the Target Companies has paid promptly all sums payable by it (if necessary) under the Stamp Duty Ordinance, the Companies Ordinance and any other Ordinance or legislation and no sums are presently payable by the Target Companies under any such Ordinance, legislation or regulations.
The Offerors will hold the amount so deducted and will pay the same on behalf of such Ordinary Shareholders or ADS holders (if any) in respect of the relevant acceptance to the Stamp Duty Office in accordance with the Stamp Duty Ordinance (Chapter 117 of the Laws of Hong Kong).
The stock borrower must also comply with various other requirements of the Hong Kong Stamp Duty Ordinance that include, among other things, periodic reporting and the submission of copy documentation to the IRD.