Validity Of Agreement On Plain Paper

As lawyers, we are often asked whether agreements that are not concluded on stamp paper are invalid and unenforceable. The answer is a simple „NO“. Agreements can be concluded either in a stamp document or in an unb stamped document. With regard to the agreement on an unb stamped document, there are certain legal aspects that must be respected. This article establishes the validity of unsamped agreements and deals with the legal and technical implications of unsamped agreements. Agreements and documents that are executed on plain paper are also acceptable as evidence. But to be read as evidence, all documents to be read as evidence must be issued by the person who executed or assisted in his execution. At the time of proof, the counterparty may object for non-stamp or cachet. But this deficit can be legally resolved by paying a penalty on the unpaid or defaulting stamp duty on which it should have been written. The only discrepancy in an unsamped agreement is to present an unsampled agreement in court as evidence. § 35 of the Stamps Act renders a document that does not bear the required stamp duty inadmissible by the courts. However, this provision has certain exceptions and does not totally deny the rights of the parties to enforce such an unsampled agreement. Under this section, an unsamped agreement may be authorized in court, under which the tax on the stamp of the deficit is accompanied by the penalty, that is, the amount of the deficit penalty, which may vary from state to state, is paid.

clik symbol `Like` after reading. adv janak raj vatsa You can simply visit the local notary in Madanapalle, Andhra Pradesh. You must register the written agreement and have it certified notarized. Saving a document allows for more transparent activity. Even if a saved document is lost or damaged, the records attest to the authenticity of the document. Registration also helps to prevent falsification or fraud in transactions, especially in terms of taxes, stamp duty, etc. I have found that the registration of a document is of the utmost importance and that it must be done as quickly as possible, otherwise it would lead to a court battle of several years, costly and tedious. If you suspect the integrity of the company with which you wish to obtain LLP for the transaction proposed by it, the agreement in the letterhead may also not be admissible as evidence, without it having been registered before the registration authority wherever it was executed. . . .