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What is the validity of Indian non-judicial stamp paper?
The period of 6 months mentioned under Section 54, merely states that if a person is in possession of a stamp paper for which he did not have any immediate use and such stamp is not spoiled or made unfit or useless, he can surrender it to the Collector and get refund for the value of stamp paper after deduction of 10 …
How long is Indian stamp paper valid for?
Only under Section 52 B(a) of The Bombay Stamp Act 1958, prescribed the period of six months from the date of purchase of Stamp Paper or delivery of Stamp Paper after which the Stamps become invalid and it can’t be used after that.
Is non-judicial stamp paper admissible in court?
A promissory note executed using impressed stamp paper or adhesive stamps are equally valid and admissible in evidence, provided that they are stamped with requisite value.
Is writing on stamp paper valid?
Whether the same is written in hand or typed does not matter. As long as the terms are clear, and understandable it should not be a problem. Please ensure in case there are any changes or alterations then the same are counter signed by both the parties.
What is the power of non-judicial stamp paper?
The Non-Judicial Stamp Papers are used to carry out any non-judicial commercial arrangements between parties. For instance, all kinds of property transfer agreements, leasing agreements, affidavits, and so forth. The state will impose a predetermined amount of stamp duty on each transaction.
Is agreement on non judicial stamp paper be legally enforceable?
As legal professionals, we are often asked if agreements which are not made on stamp paper are invalid and unenforceable. The answer is a simple ‘NO’. Agreements may be made either in a stamp paper or a non-stamp paper.
Does attestation expire?
Actually, There is no expiry date of the attestation.
Does notary have expiration?
Does a notarized document ever expire? The notarization of any document does not expire itself. This means there is no such rule that states that a specific notary stamp expires and will not be acceptable after a certain date.
How long does the certification stamp last?
The following amongst other things must be complied with when certifying the document as a true copy of the original: Each document must be certified separately. Certification date stamp must not be older than 3months.
What is the validity of attestation?
Affidavits and declarations both have its validity depending on the execution of the papers on the date of the attestation. Powers of attorney, on the other hand, is valid until the person who gives the power of the attorney cancels the paper himself.
What is the validity and usage of stamp paper?
Here is everything you need to know about its validity and usage. As per Section 54 of the Indian Stamp Act, if you do not have any immediate use of a stamp paper, then you can deposit it back to the collector within six months from the date of purchase and take back your money as a refund after deduction of 10 paise per rupee.
What is the difference between judicial and non judicial stamp paper?
Stamp duty which is paid for judicial stamp paper is in accordance with the court fees act, 1870 while nonjudicial stamp paper is used mainly for execution of legal documents, is used in documents and transactions like agreements, real Estates, power of attorney and much more and is paid in accordance with the Indian stamp act 1899.
What is the time limit for stamp paper refund in India?
As per Section 54 of the Indian Stamp Act, if you do not have any immediate use of a stamp paper, then you can deposit it back to the collector within six months from the date of purchase and take back your money as a refund after deduction of 10 paise per rupee. In Thiruvengada Pillai Vs.
When does a stamp become invalid in India?
Section 52B (b) of The Maharashtra Stamp Act (see here) and Section 52C of Bombay Stamp (Gujarat Amendment) Act, 2016 states that if any stamp has been purchased and it is neither used nor any allowances are claimed on it within a period of six months, it will be treated as invalid. What to do with an old stamp paper?