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Rate of Stamp duty on Employers agreement

(Querist) 25 March 2010 This query is : Resolved 
hello Experts,

I need to prepare an Agreement for appointment of managing director.

as it is required to execute on Indian non judicial stamp paper, what is the rate of stam duty?
i mean how much amount of stamp paper is needed?
And where in the Indian Stamp Act, mentioned it?

pls reply
s.subramanian (Expert) 30 October 2010
It is enough if it is engrossed on a Rs.20 Non Judicial Stamp Paper.


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