Stamp papers

Hi Ram

As far as my understanding with the Indian Stamp Act goes, any unused Non-Judicial Stamp Paper has to be returned to the Collector of Stamps within 6 months  if any one wants to get refund for them.

Coming to the validity of NJ Stamp Papers, there is no any validity period mentioned under the Indian Stamp Act-1899. They are permanently  valid if they are preserved for documentation purpose.

Therefore, a NJ Stamp Paper can be used for documentation purpose at any time and the 6 months validity period comes into play only in case a refund is sought for unused papers since it is a revenue related issue and the Act itself is financial nature of legislation.

Elamaran P

9445002512

 

What is the normal procedure and how to handle the papers?

---It is illegal to hold unused/blank stamp papers. You have to hand over the same to Stamps Department.

Can I give it to some other advocate/notary public for face value? or more?

--No—If you try to handover/sell to some other advocate it is an criminal offence.

Will there be any issues dealing with these when I'm in a different profession?

--answered above--

Can I authorize someone to sell these papers for me?

--NO—answered above--

What do I do with the stamp papers I got for my own purpose but never used?

--Later you can use them for your own purpose, but for any other use. 

Can I sell it back to the treasury? what documents do I need to have for this?

With the digital stamp papers now in practice, are these even worth maintaining/selling?

--You can handover them to the treasury, but I think you will not get any money. Enquire with them.

 

You may consult the colleague advocates of your deceased father about this and take their advise on further issues or visit the nearest treasury office and look for the official solution to this issue.

1. Holding such unused stamp papers for so long witout returning the same to the issuing authority is illegal, 2. This type of stamp papers are usually used by Advocates/Vendors to fraudulently manufacture/create back dated Agreements fitting the requirements of unscrupulous clients.