Divya (nil) 08 March 2012
I need guidance wrt Arbitration Award & the Value of Stamp Paper in Mumbai, Maharashtra.
The Award is in the range of 5 lakhs to 10 lakhs.....Is this award to be sanctioned on a Rs 100 stamp paper?? or the Stamp paper value goes in relation to the award amount.??
Thankyou in Advance
Rajesh Hazra (Mediator and Legal Counsel ) 08 March 2012
Divya use a Rs.500/- Stamp Paper.
Meenakshi Dhanuka Rungta (B.Com, LL.M.) 08 March 2012
An Award in Mumbai, Maharashtra should be on a stamp paper of Rs. 100/- as set out in the Bombay Stamp Act irrespective of the amount of the Award.
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