Is agreement on stamp paper valid in India?
As discussed above, agreements put on an old stamp paper are valid. In Thiruvengada Pillai vs. Navaneethammal & Anr. (see here), it was held by the Honorable Supreme Court, that, Indian Stamp Act does not prescribe any expiry date for the use of a stamp paper.
What is Indian 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 an agreement made on stamp paper valid?
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.
Can agreement on non judicial stamp paper be legally enforceable?
Stamping of agreements and documents is desirable because it ensures legality and validity, enforceability, and admissibility in court since such agreements as they can then be registered under the Indian Registration Act, 1908, which in turn certifies its enforceability.
Is agreement on non judicial stamp paper be legally enforceable?
Which stamp paper is used for agreement?
Non-Judicial Stamp Papers
Non-Judicial Stamp Papers are used for paying tax or any transactions concerning taxes. Some of the other documents they are used for are, Agreements, Sale Deed, Affidavits, Bond, Undertaking, Declaration, etc.
Is stamp paper legally binding?
The Contract Act does not make stamping of agreements compulsory, nor does it deem an unstamped agreement/contract invalid and unenforceable. So, agreements do not require mandatory stamping for them to constitute as legal and valid.
Is agreement should be on stamp paper?
Even oral agreements are valid in India, as per the act. The Contract Act does not make stamping of agreements compulsory. It does not make an unstamped agreement/contract thereby invalid or unenforceable. Therefore, an agreement does not require mandatory stamping to make it a legal and valid instrument.
IS agreement written on white paper valid?
In India even oral agreements are valid and enforceable, so an agreement made on white paper can surely be valid if it fulfills all other conditions under the law and as per the law. However, if the agreement requires to be stamped and registered then it cannot be used as an evidence of proof before a Court of law.
Is agreement on plain paper valid?
Answers (2) There have no validity in plain paper agreement. In breach of agreement if you file a suit that can’t be exibit as documentary evidence. You should pay the revenue during agreement and also sigh two witness at the time of making agreement.
Which paper is used for agreement?