Agreement On Plain Paper Is Valid

The Indian Registration Act provides for the registration of documents and thus records the contents of the document. Registration is necessary to preserve evidence and titles. There are certain agreements mentioned in Section 17 of the Indian Registration Act, which must be forcibly registered and therefore cannot be made without stamp paper. Some of them are, Since the agreement exists between two companies, which head company can be used for the proposed agreement? The only discrepancy in an unmarked agreement is to produce an unmarked agreement in court. Section 35 of the Stamp Act de qualifies a document that does not have the necessary stamp duty in court as inadmissible. However, there are exceptions to this provision and do not completely negate the right of the parties to apply such an unstamped agreement. Under this section, an unstamped agreement may be authorized in court by paying the deficit stamp duty at the same time as a penalty, i.e. an amount varying from state to state. In the event of a deficit and penalty, the agreement is deemed to be fully stamped. As lawyers, we are often asked whether agreements that are not made on stamp paper are invalid and unenforceable. The answer is a simple «NO.» Agreements can be made either on a stamp paper or in a non-buffer document. While agreement has been reached on a document without stamps, certain legal aspects must be respected. This article establishes the validity of unstamped agreements and delves into the legal and technical consequences of unmarked agreements.

2. It should not be registered, but must be drawn on a non-judicial document of the unit value of Rs.100. 1. Agreements are not printed on corporate letter heads, But on half-papers/stamp papers, for a sure agreement and the contract should correspond in writing to the appropriate value of the stamp paper, as prescribed in the state where the same thing is performed, and the same thing should be attested by at least two witnesses and preferably attested by a notary, so that the notary`s certificate bears the same sanctity as that which is accepted throughout the world. they must be done on a stamp paper to be valid. Click as a button if you like my advice The Indian Stamp Act, 1899 deals with stamping agreements/documents in India.