shweta sharma (working) 12 April 2013
Dear Sir,
my company has entered contracts under section 297 of the companies act, 1956 & obtaining approval from the central government. Now i want to execute contracts on stamp paper after obtaining Central Govt. approval so anyone suggest me that how to execute contracts on stamp paper if anyone has the sample of aforesaid please provide me the same.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 12 April 2013
as per Sec33 of Indian Stamp Act,1899, you have to pay stamp duty on a legal instrument and we cannot and should not evade it specially to be on the safer side of law. The moment you pay stamp duty on a legal instrument, the same immediately gets legal sanctity and weightage in the eye of law and the court of law will treat it a primary evidence whenever a dispute arises between the two parties concerned. Suppose we don't pay sufficent stamp duty, we will be compelled by court to pay a hefty amount as stamp duty including 10 times penalty whenever the document is presented before any court.
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