Revalidation of Bank Guarantee

Chandan Garg (Querist) 24 February 2009 This query is : Resolved
Pls Tell whether revalidation of Bank Guarantee is Valid on Bank's Letter head or
it has to be again on the Stamp Papers.

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ARVIND JAIN (Expert) 24 February 2009
NO NEED OF FRESH STAMP PAPERS.

M. PIRAVI PERUMAL (Expert) 24 February 2009
I agree with my learned friends.

Chandan Garg (Querist) 25 February 2009
Pls Tell under which act/law/rule this is so.. because opp. party is asking this thing from me...

PALNITKAR V.V. (Expert) 25 February 2009
There can not be double taxing on a document. It is not a new document. Stamp is once paid. The only thing is revalidation and not fresh execution.

Adv.Shine Thomas (Expert) 27 February 2009
I agree with Mr. Palnitkar

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