Table of Contents
- 1 What is the legal validity of stamp paper?
- 2 Is an agreement made on stamp paper valid?
- 3 Is 10 RS stamp paper valid?
- 4 How do you determine the value of stamp paper for an agreement?
- 5 Is it legal to use old stamp paper for an agreement?
- 6 Does the presence of stamp paper affect the validity of agreement?
What is the legal validity of stamp paper?
The Court concluded by stating that there is no impediment in using a stamp paper which may have been purchased more than six months prior to its use in a document. Thus, as can be deduced from above, a stamp paper does not have any expiration date and can be used for execution of a document at any time.
Is an agreement made on stamp paper valid?
Agreements made on white paper are valid. so an agreement made on 100 rupees stamp paper can surely be valid if it fulfills all other conditions under the law and as per the law. But, if the agreement requires to be stamped and registered then it cannot be used as an evidence of proof before a Court of law.
Does stamp paper expire in Pakistan?
The Stamp Act, 1899 (the “Act”) nowhere prescribes any expiry date for use of the stamp paper. However, section 54 of the said Act provides that a person can seek refund of the value of the unused stamp paper by surrendering the same to the Collector provided it is purchased within the period of six months.
What is the use of 10 RS stamp paper?
Stamp Paper of Rs. 10 used for Affidavit, Declaration, Undertaking etc. Stamp Paper of Rs. 20 for Special Power of Attorney.
Is 10 RS stamp paper valid?
Agreement on rupees ten is not valid. Rupees ten stamp paper is for affidavits and declarations only. If any time limitations or tenure is not agreed in the agreement in written then it is totally upon the conditions and circumstances of the agreement.
How do you determine the value of stamp paper for an agreement?
Stamp paper value depends on rent, security deposit, and location of the property. In Karnataka, including Bangalore. The stamp duty is calculated based on the annual rent. That is 1\% of the annual rent.
Is backdated agreement valid?
NO you cannot back date a agreement on stamp paper of todays date. that would just make the agreement void. The stamp paper can only be used for an agreement executed post the same has been issued.
Is an agreement on a 10 rupees stamp valid?
Zero It is not at all valid and since it is on 10 rupees stamp it is not registered and the agreement has no validity and if you are asking a question it is persumed that disputes has arisen and now this agreement cannot be got registered as both parties would not appear 8 clever moves when you have $1,000 in the bank.
Is it legal to use old stamp paper for an agreement?
Section 54 just bars taking refund after six months of purchase, but it does not restrict the use of such old stamp paper for an agreement. Thus, nothing prohibits you from using it even after years of its purchase. Law does not have any prescribed period of limitation for its validity.
Does the presence of stamp paper affect the validity of agreement?
Please note that unless a document, or an agreement, has been registered with the requisite authority, the presence or absence of stamp paper does not affect its validity. Therefore, irrespective of the stamp paper, if the agreement was valid to begin with, it’s a valid agreement subject to the provisions of Registration Act.
Can I use two Rs 50 stamp paper in a passport?
You can use two Rs. 50 stamp paper but it’s not cost-efficient and presentable manner. To purchase two Rs. 50 paper, you have to pay service charge to stamp vendor twice. Whereas to purchase one Rs. 100 stamp]