Validity of Stamp Paper
Amit Mehta
(Querist) 12 August 2010
This query is : Resolved
I understand that if the instrument is executed on stamps which does not bear the name of one of the executors then such instruments are not admitted in evidence, for any purpose. These instruments are also treated as not properly stamped. These instruments are liable to be impounded and sent to the Collector of Stamps for recovery of proper stamp duty.
MY QUESTION:
After execution of a Development Agreement on Rs.100/- (Does not have the name of the executors) Stamp Paper in 2008 the same was submitted for Registration and appropriate Duty was paid including penalties in 2010.
Does this corrective action make this document legalised considering that the Stamp Paper was not valid when this agreement was created?
Chanchal Nag Chowdhury
(Expert) 13 August 2010
1stly-a stamp Paper bought in the name of an advocate can be used by others.
2ndly- when the entire stamp duty has been paid & no one has complained of the Stamp Paper having been improperly procured, what is the fuss about?
Amit Mehta
(Querist) 16 August 2010
Sir,
Thank you for the reply.
I need to complain about the stamp paper being improperly procured and thus this attempt in trying to understand what is to be done and how.
Do throw some further light.
Best Regards
