Amit (Manager) 29 April 2012

Stamp paper/registration reqd 4 mou & can arbitration b done

Hi,

We have an MOU setup between 2 parties in India, but its not on a stamp paper. Wanted to ask the following details for the MOU to be considered a legal document in India.

1) Is it necessary that MOU should be setup on a stamp paper? We had the above MOU setup on a plain paper under proper supervision of a lawyer.

2) Is it necessary for MOU to be registered? What is the advantage if we register it or disadvantage if we don't register it ?

3) Can we move to arbitration in case the MOU agreement date is over ?

Request all to kindly reply with your responses. In case you feel more information is required, kindlly let me know. Thanks.

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2 Replies

Anish Thakur 7018812737 (advocate) 29 April 2012

1.its not necessary to setup a MOU on stamp paper.

2.its also not compulsory for MOU to be registered

advantages of registration- if mou is registered in case of dispute its easy to prove the authentification of that MOU nad vice versa in case of non registartion

3 you can move for arbitration anytime in ,on and after the date expiry of mou.

Karishma Mansukhani (Manager) 08 April 2014

Dear Sir

\We have a MOU for purchase of flat, is it ok if we get it franked or it has to be printed on Stamp paper? Also what will be the stamp duty or amount of franking?