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Jennifer Steward (Student)     08 February 2018

Stamp paper issued for purpose of affidavit but used for promissory note. promissory note legally valid or not? plz share reference if possible.

A stamp paper of INR 100 issued for affidavit (as stated on back of the stamp paper) is used as a Promissory Note of INR 300,000 to be paid on demand. not notorized as well. is it legally valid?


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TGK REDDI

TGK REDDI   08 February 2018

Stamp papers shouldn't be issued specifying a purpose.       

Jennifer Steward

Jennifer Steward (Student)     08 February 2018

Thanks for replying.
Would the above described stamp paper acceptable as Promissory Note?

TGK REDDI

TGK REDDI   08 February 2018

It should be acceptable.     This's my opinion.     I have no basis for my opinion.


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