Jayanta (Service) 25 September 2013
We have entered in to a tri-partite agreement with Railways (on behalf of President of India), Bank and our company for railway freight payment by electronic mode. Agreement was executed on Rs.100 non-judicial stamp paper. However, my reading is that the agreement being 5 years' period should be registered to bring in legal enforceability.Am I correct? Please guide me as none supports my viewpoints.
Regards
kavksatyanarayana (subregistrar/supdt.(retired)) 25 September 2013
the agreement should be registered in SRO of jurisdiction. consult the SRO for payable of stamp duty and registration fee. this is for information
adv.raghavan (Advocate,9444674980) 25 September 2013
yes it is safe to get it registered at the earliest,which will useful in case of defaults.
Suri.Sravan Kumar (senior) 26 September 2013
The agreement has to be regd compulsorily as it is for 5 years
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