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Approved for reprint, 22nd April 1963.STAMP ACT, 19211962. ARRANGEMENT OF SECTIONSPART I. Section.1. 2. 3. 4. Preliminary. Short title and commencement. Division of Act. Repeal. First Schedule. Definitions.PART
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Division of act is a legal document that outlines the distribution of assets and liabilities of a company.
The company's directors are required to file division of act.
Division of act can be filled out by providing details of assets, liabilities, and the distribution plan.
The purpose of division of act is to ensure a fair distribution of assets and liabilities among the shareholders of a company.
Information such as detailed list of assets, liabilities, shareholders, and distribution plan must be reported on division of act.
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