Agreement on 50 rupees stamp paper for regular invstmnt rtn
Querist :
Anonymous
(Querist) 20 May 2018
This query is : Resolved
Hi,
Recently I have invested money for regular monthly return on investment amount in one of Network marketing business and that organisation do agreement with all who are going to invest on 50 rupees stamp paper for security of invested fund. As per agreement all point are covered and all are satisfied us and no issue about the mentioned points.
That Business is Limited(Ltd) organisation.
But In Future If they are to stop pay monthly return then Would it be possible to take legal action on behalf of agreement stamp paper? and How it would be possible and what level of action Can I take to get my money back?
Thanks in advance!!!!
KISHAN DUTT KALASKAR
(Expert) 22 May 2018
Dear Sir,
Under such agreement you cannot get back your amount. Please immediately get back the amount which is under danger. It is a invalid agreement. You have to take promissory note or post dated cheques.
