Loan agreement between husband and wife
RajaRajachozhan
(Querist) 19 December 2016
This query is : Resolved
I have given a Loan to my wife to the extent of 30% of the nominal value of the Property (Flat) to be purchased. We have executed a Loan Agreement in a Bond Paper.
Should the Loan agreement be in a Stamp Paper?
Whether the Loan Agreement has to be Registered?
Rajendra K Goyal
(Expert) 19 December 2016
The agreement should be stamped as per stamp Act. Registration not mandatory.
A pro-missionary note may serve the purpose.
P. Venu
(Expert) 19 December 2016
The facts are less than convincing.