Bank guarantee renewal

Krishsna (Querist) 08 August 2012 This query is : Resolved
Dear All,

BG (Bank guarantee) issued by a bank should be on the stamp paper or franking.

Is it requires BG renewal also on Stamp paper?

Pls advice.

Thanks

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ajay sethi (Expert) 08 August 2012
it can be on stamp paper or franking can be done

Krishsna (Querist) 10 August 2012
Then if, Bank has provided BG renewal its letter head, is it valid?

Is it compulsory to insist BG renewal on Stamp paper OR Franking??

Pls advice.