What is the validity period of 100 RS stamp paper?

What is the validity period of 100 RS stamp paper?

If the Stamp paper has not executed then the validity is of 6 months from the date of purchase and if the stamp paper has been executed then it is valid for life-time.

What is the validity of 200 RS stamp paper?

A stamp paper does not have a validity date once stamp duty is paid it is valid for ever as per the supreme court decision earlier there was a misconception that it is valid for 6 months but once the stamp paper is purchased it can be used anytime.

What is the validity period of non judicial stamp paper?

6 months
The stamp paper do not have any EXPIRY period. The stipulation period of 6 months is only for seeking refund of the value of the Stamp paper and NOT of it’s use. There is no IMPEDIMENT FOR A STAMP PAPER PURCHASED MORE THAN 6 MONTHS PRIOR TO THE DATE OF EXECUTION TO BE USED FOR DOCUMENTATION.

What is the legal value of stamp paper?

A stamp paper is an A4 (foolscap) piece of paper that is pre-printed with a revenue stamp same as the one printed in currency notes or postal stamps. These stamp papers are generally issued by the Government and usually carry the certain value of Rs. 10, Rs.

How long is an agreement valid?

Such an agreement will be valid for three years from the execution date. In case of a negative clause in the agreement, for instance, it is mentioned in the agreement that the buyer has to get the property registered within three months, then the limitation period is extended by such a period.

What is the difference between 50 RS stamp paper and 100 RS stamp paper?

Stamp Paper of Rs. 50 for General Power of Attorney/Agreement. Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.

Can E-stamp paper be returned?

Powers to cancel the e-Stamp certificate and to refund its amount – (1) The Collector shall have the power to cancel the e-Stamp certificate, after verification and to endorse the fact of cancellation on the e-Stamp certificate with his signature and the seal and to refund the amount as required in the said Act.

Can stamp paper be purchased after date of agreement?

It cannot be ‘executed’ as on a later date although wherever applicable & lawfully permissible, certain past acts may be ratified by such an agreement . Also, only parties to the agreement may have their names specified on the stamp papers @ time of purchase.

What is the purpose of E stamp paper?

The e-stamping system enables the storage of information in a protected electronic form and creates a central data bank for easy verification. With the e-stamping system, the Karnataka State Government and the public can generate online Management Information System (MIS) reports.

Why there are different stamp papers?

Judicial Stamp Papers are used for transactions with judiciary in Civil and Criminal Courts. 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 agreement valid if not registered?

Validity of an Agreement Without Registration Sale Agreement, which is not registered, is enforceable in Law, and all stamp shortage charges can be paid through the order of the court. Such agreements stay valid for 3 years from the execution date.

How long can stamp paper be used for a document?

Section 54 does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document.

What is the time limit for stamp paper purchase under Section 54?

Section 54 does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document. Vs. R. V. Raveendran & P.Sathasivam R. V. Raveendran, J.

What is the validity of stamp papers?

Validity of Stamp Papers ‘Validity’ word talks about the fact of having legal force, or anything which is legally allowable. So, when we think about the validity of stamp papers, it reflects the expiry date of those papers. So, let’s take a look into this matter deeply with the help of this article.

What happens to unused stamp paper after 6 months?

The stipulation of the period of six months prescribed in Section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months.