first national bank t ltd vs yohane ibrahim kaduma 2021 tzhccomd 2064 5 may 2021
Loan agreements are instruments chargeable with stamp duty under the Stamp Duty Act. As the documents were not duly stamped, they are inadmissible unless the Plaintiff pays the requisite stamp duty and penalty. The execution of the documents under the company seal satisfies section 39 of the Companies Act, and the objection on that ground is not upheld.
Source excerpt
- Admissibility of unstamped documents
- Execution of company documents
- Stamp duty on loan agreements
- Authentication of documents