S.L. 364.10 Art. 4Exemption of divisions. Cap. 364. Cap. 386.

No duty otherwise chargeable with duty under the provisions of the Duty on Documents and Transfers Act shall be chargeable on any deed of declaration consequent to division of companies where the draft terms of division had been forwarded to the Registrar of Companies on or prior to the 24th November, 2003 and the Registrar had published the relevant statement in the Government Gazette in terms of the provisions of the Companies Act, on or prior to the 31st December, 2003 provided a copy of the relative publication is attached to the deed of division.