How long a non judicial stamp paper is valid?

How long a non judicial stamp paper is valid?

The stamp paper do not have any EXPIRY period. The stipulation period of 6 months is only for seeking refund of the value of the Stamp paper and NOT of it’s use. There is no IMPEDIMENT FOR A STAMP PAPER PURCHASED MORE THAN 6 MONTHS PRIOR TO THE DATE OF EXECUTION TO BE USED FOR DOCUMENTATION.

What is the validity of 200 RS stamp paper?

A stamp paper does not have a validity date once stamp duty is paid it is valid for ever as per the supreme court decision earlier there was a misconception that it is valid for 6 months but once the stamp paper is purchased it can be used anytime.

Is non judicial stamp paper admissible in court?

The only discrepancy of an unstamped agreement is producing an unstamped agreement in court as evidence. Under this section an unstamped agreement can be made admissible in court by paying the deficit stamp duty along with penalty i.e. deficit penalty amount, which may vary from state to state.

Can agreement on non judicial stamp paper be legally enforceable?

Documents with legal implications, such as Lease Agreement, Buying and Selling of Property, Business / Contract Agreements, Loan Agreements / Financial Deals, Power of Attorney, Affidavits, Articles of Association, Memorandum of Association, Indemnity Bond, Declaration, Mortgage, and Gift Deed among others are executed …

How long is a stamp paper valid?

The Court concluded by stating that there is no impediment in using a stamp paper which may have been purchased more than six months prior to its use in a document. Thus, as can be deduced from above, a stamp paper does not have any expiration date and can be used for execution of a document at any time.

What is the importance of non judicial stamp paper?

Non-Judicial Stamp Papers are used in matters which concern transactional arrangements between parties that are not judicial in nature, such as an agreement to sell, affidavits, lease agreement, amendment in the article of association, etc.

Can I use old stamp paper?

They are valid as per current law, but future is doubtful: Although the use of old stamp paper is valid even after six months of purchasing it, still it is better that you must either deposit it back to collector within six months and get your refund from him or use it as early as possible.