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Divya (nil)     08 March 2012

Arbiration award & the value of stamp paper

I need guidance wrt Arbitration Award & the Value of Stamp Paper in Mumbai, Maharashtra.

The Award is in the range of 5 lakhs to 10 lakhs.....Is this award to be sanctioned on a Rs 100 stamp paper?? or the Stamp paper value goes in relation to the award amount.??

 

Thankyou in Advance



Learning

 2 Replies

Rajesh Hazra (Mediator and Legal Counsel )     08 March 2012

Divya use a Rs.500/- Stamp Paper.

Meenakshi Dhanuka Rungta (B.Com, LL.M.)     08 March 2012

An Award in Mumbai, Maharashtra should be on a stamp paper of Rs. 100/- as set out in the Bombay Stamp Act irrespective of the amount of the Award.


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