- (a) such a disposition, grant or reservation is required to be made by an instrument in the specified form and there is such a specified form; or
- (b) notwithstanding that such a disposition, grant or reservation is not required to be made by an instrument in the specified form, the Registrar has exercised his power under section 99 to specify the form of such an instrument.
(2) An instrument, where applicable, shall contain a true statement of the amount or value of any purchase price or loan or other consideration.
60. Stamping
(1) Without prejudice to the operation of section 15(3) of the Stamp Duty Ordinance (Cap. 117), no instrument required by law to be stamped shall be accepted for registration of any matter unless the instrument is stamped in accordance with the requirements of that Ordinance.
(2) Subject to section 71(3) and without prejudice to the operation of section 15(3) of the Stamp Duty Ordinance (Cap. 117), where an application for the registration of a consent caution, a non-consent caution, an inhibition or a restriction for the purpose of protecting an interest in registered land, a registered charge or a registered long term lease is supported by an instrument required by law to be stamped, the registration shall not be proceeded with unless the instrument is stamped in accordance with the requirements of the Stamp Duty Ordinance (Cap. 117).
61. Minors
(1) Nothing in this section enables a minor who is the owner of registered land or a registered charge, or the lessee of a registered long term lease, to deal with the land, charge or lease or with an interest in the land, charge or lease.
(2) Where a disposition by a minor of registered land, a registered charge or a registered long term lease has been registered and—
- (a) the person to whom the disposition is made acted in good faith and for valuable consideration; and
- (b) the fact that the minor was a minor was not disclosed to that person at any time before the registration of the disposition,
that disposition shall not be set aside only on the ground that the disposition was made by a minor.
(3) For the avoidance of doubt, it is hereby declared that where the owner of registered land or a registered charge, or the lessee of a registered long term lease, is a minor and that fact is disclosed to the Registrar in any application for registration made by him, then the name of that minor shall be
