Reconstructed Companies Act 1893

No compromise or arrangement of or sale by any of the companies named in the Schedule to this Act sanctioned as aforesaid and no conveyance or transfer executed or made in pursuance thereof by or on behalf of or by direction of the old company to the new company shall be deemed a conveyance or transfer on sale of real property within the meaning of section ninety-three of the Stamps Act 1890 or be chargeable with ad valorem duty.

In no case shall any new company charge any debtor of such company any fees or costs incidental to the transfer of such debtor's security from the old company to the new company, and every debtor shall be entitled to a valid receipt from the new company for any interest or principal moneys paid to such new company by such debtor in respect of any debt due to the old company without payment of any fees or costs arising from or upon any transfer from the old company to the new company of any security of the debtor for such debt.