Does stamp paper expire?
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 E stamp paper valid in Maharashtra?
e-SBTR issued by the authorised participating bank, can be used as a impressed stamp under the said Act, for instruments which are compulsory or optional to be registered under the Registration Act, 1908. Along with Stamp Duty, Registration Fee and other charges may also be paid.
How long is a stamp paper valid in Maharashtra?
6 months
w.e.f. 01/12/1989 the validity of stamp paper is 6 months only. As per the provisions of Section 52-B, the stamps which are purchased and not used within six months shall be rendered invalid thereafter.
What is non judicial stamp paper in Maharashtra?
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. The denominations available for these Stamp Papers are Rs.
What is the validity period of E stamp paper in India?
six months
Any stamps which have been purchased on or after the commencement date but have not been used, or no allowance has been claimed in respect thereof, within a period of six months from the date of purchase thereof, shall be rendered invalid.]
Is agreement on white 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.
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.
Why do we use 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.
What is the validity of stamp duty in Maharashtra?
w.e.f. 01/12/1989 the validity of stamp paper is 6 months only. As per the provisions of Section 52-B, the stamps which are purchased and not used within six months shall be rendered invalid thereafter.
How long is an agreement valid?
Validity of a registered sale agreement A registered sale agreement is valid for three years. In the presence of a negative clause in the agreement, for instance, if the buyer is required to register the property within three months, the limitation is then extended by such period.
What is the validity of an agreement?
An agreement is valid when one party makes a proposal or offer to other party signifies his assent. The following are required for a valid agreement. The agreement must be between two persons. It is required to be between an offeror and an of free, who accepts the o0ffers becomes an acceptor.
Can agreement on non-judicial stamp paper be legally enforceable?
So, agreements do not require mandatory stamping for them to constitute as legal and valid. Even if they are not stamped they will still be enforceable as against the parties who have signed the same.