Section 31: Fiscal exemptions of societies and members

31. Fiscal exemptions of societies and members (1) Notwithstanding any other enactment, but subject to subsection (2)— (a) no stamp duty shall be levied on an instrument executed by— (i) a society; or (ii) a member, in relation to business transacted with the society in accordance with its rules; and (b) no fee shall be payable by a society under any enactment relating to registration dues, transcription or inscription fees, except on a declaration, or deed of transfer of ownership of a motor vehicle or trailer. (2) Subsection (1) (a) (i) shall not apply unless the society produces a certificate issued by the supervising officer showing that the society has— (a) held its annual general meeting within the time specified in section 41 (1) or (5); and (b) paid any sum due to— (i) the Fund; (ii) the secondary or tertiary society, as the case may be, where it is a member of that society. (3) A certificate issued under subsection (2) shall relate to the financial year preceding the date on which it is issued.