Finance Act, 1933
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Non-application of sections 112 and 113 of the Stamp Act, 1891. |
43.—(1) Neither section 112 nor section 113 of the Stamp Act, 1891, as amended by subsequent enactments shall apply where a company to which this section applies becomes by any means after the passing of this Act a company so constituted that the liability of its members is limited. | |
(2) This section applies to every company which— | ||
(a) was in existence at the passing of the Finance Act, 1932 (No. 20 of 1932), and | ||
(b) at such passing was not so constituted that the liability of its members was limited, and | ||
(c) became liable to the payment of corporation profits tax by virtue of section 47 of the said Finance Act, 1932 . |