R swaminathan (Company Secretary) 12 April 2011
Dear Friends,
I would like to know the value of the stamp paper (presently applicable) on which a bank has to issue Bank Guarantee for an amount exceeding Rs.2 crores , as per Uttar Pradesh Stamp Act.
I hope we can use the NJS of Tamil Nadu, if such BG is issued by a Bank in Tamil nadu for covering a business transaction in UP.
Thanks in advance for your support.
Best Regards,
Sai Nath
V. VASUDEVAN (LEGAL COUNSEL) 13 April 2011
I assume that the Bank Guarantee will be executed in Tamilnadu. if so, the stamp duty applicable will be as per the Tamilnadu slabs of stamp duty.
vasudevan
ajay (SELF) 21 April 2011
please clearify whether the document is being executed in UP or TN
thanks
ajay
SACHIN AGARWAL (ADVOCATE) 22 September 2011
If the Bank Guarantee is being issued by a Banker at Tamilnadu, the Stamp duty as applicable in Tamilnadu is required to be paid.
However, it is 0.5% in U.P.
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