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Muralidharan (Student)     14 September 2010

What is a bond paper?

Sir, I need your help in writing an agreement(bond) for my friend who is seeking a job via consultancy. They are asking him Ten Thousand Rupee for a getting job. They give assurance for the money by signing an agreement. How much bond paper should he buy for Ten Thousand Rupees. Thank you.


Learning

 2 Replies

Darshan Panchal (Advocate)     16 September 2010

As provided in Sec 1-2 of The Bombay Stamp Act, Bo nd includes any instruments whereby a person obliges himself to pay money to another on condition that the obligation shall be void if a specified act is performed or is not performed as the case may be

any instrument attested by a witness and not payable to order or bearer whereby a person obliges himself to pay money to another, and

any instrument attested whereby a person obliges himself to deliver grain or other agricultural produce to another

hope it satisfies ur query

Darshan Panchal (Advocate)     16 September 2010

as per current market practice, the consultants do not charge any fees or commission from the job seekers. they get paid from the company itself who is hiring them so u r not supposed to pay to him any consideration. If at all agreement is to be executed it should be executed on bond of 100.


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