Gargi Ranade (Company Secretary) 17 August 2010
Dear All,
Kindly let me know,
1.What will be Stamp duty on MOU for land aquisition in Maharashtra?
2. Can documents be franked after its execution? Twice Bank refused me to frank signed documents
3. Is it required to get MOU registered .
Regards,
Gargi
V. VASUDEVAN (LEGAL COUNSEL) 19 August 2010
documents executed in iNDIA SHOULD BE franked before its execution. MOU need not be registered since it is an interim agreement/understanding preceding an agreement/sale deed.
Rashmi Desai (Advocate) 20 August 2010
An MOU is an agreement to enter into an agreement on the temrs contained therein.
No registration is required. It may be signed before Notary Public.
Stamp paper or franking of Rs. 100/- would suffice
Siddhi Agarwal (Owner) 22 August 2010
Documents can not be franked after signature or execution by the parties. Bank is correct in refusing to frank your documents. You may repprepare these documents and put up for franking before signature/s.
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