July 02, 2012

Mr. CO-Know Your Fees and its Limits!

Allowable Rates of Fees
Rule 21 of Part 10 stipulates what fees can be collected by a CO and the limits too!

Sub-rule 1 states that the fees that can be collected are:

(a) RM4 for taking an original affidavit and RM2 for each exhibit referred to therein and required to be marked.
(b)RM2 for marking any duplicate or photostat copy of the affidavit and RM1 on each copy of exhibit referred to therein.

A proviso: Any affidavit declared by law to be exempted  from stamp duty shall be exempt from any fee when the affidavit is taken by a CO who is a public officer.

Sub-rule 2 states the fees chargeable under Sub-rule 1 shown be in this manner.

(a) fees collected by a a pubic officer who functions as a CO will be collectedly praecipe and shall form part of the Federal Consolidated fund; and
(b)Other COs may keep them for performing their functions

Things to note here about fees:  

Original affidavits at RM4 a piece and RM2 for each attached exhibits.

Photostat and duplicate copies of affidavits at RM2 a piece while copies of exhibits at RM1.

A public officer who works as a CO cannot charge for any documents that is exempted from stamp duties. All teh income of the public officer CO will also go the the Federal Consolidated Fund.

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