Created by potrace 1.14, written by Peter Selinger 2001-2017

What Is Plain Paper Agreement

  • The Indian Registration Act provides for the registration of documents, thereby recording the contents of the document. Registration is required to obtain evidence and titles. Some of the agreements referred to in section 17 of the Indian Registration Act are required to be registered and therefore cannot be entered into without a stamp paper. Some of them are, it must be done on a stamp paper and must be registered to be valid. Click the « Like » button if you like my advice The Indian Stamp Act, 1899 deals with stamping agreements/documents in India. Stamping of agreements and documents is desirable because it ensures legality and validity, applicability and admissibility in court, as such agreements can be registered under the Indian Registration Act of 1908, which in turn guarantees their applicability. The only discrepancy in an unsamped agreement is to present an unsampled agreement in court as evidence. Section 35 of the Stamps Act renders a document that does not bear the required stamp duty inadmissible in court. However, this provision contains certain exceptions and does not completely nullify the right of the parties to apply such an un stamped agreement. Under this section, an unsamped agreement may be made admissible in court by paying the stamp tax on the deficit with the penalty, that is, the amount of the deficit penalty, which may vary from state to state, is paid. In the event of payment of a deficit and a contractual penalty, the contract is deemed to have been stamped in full. Like contract law in most countries, the Indian Contract Act of 1872 states that all agreements that meet the essential requirements of free consent, legal consideration, and legal subject matter are valid and enforceable. It is important to note that even oral agreements, which make up a wide range of contracts in India, are contracts that are valid under the law, provided they fulfill the essence of a contract.

    The Contracts Act does not make it mandatory to stamp agreements, nor does it consider an unstamped agreement or contract to be invalid and unenforceable. The agreements therefore do not require mandatory stamping to be considered legal and valid. Even if they are not stamped, they are still enforceable against the parties who signed them. 2) The agreement must bear the signatures of the authorized signatories and be properly stamped As lawyers, we are often asked if agreements that are not concluded on stamp paper are invalid and unenforceable. The answer is a simple « NO. » Agreements can be concluded either in stamp paper or in non-stamp paper. .