Legal Question in Banking Law in India
Should both the guarantee and omnibus counter gurantee where 100% margin is given to be stamped?
Asked on 9/06/16, 5:48 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Margin or no margin has nothing to do with the requirement of stamping the documents executed. Both the guarantee and counter guarantee documents have to be stamped as per the rates of stamp duty prescribed by the State within which those documents are executed.
Answered on 9/06/16, 6:36 am
Related Questions & Answers
-
Hi sir I have taken a loan from cooperative bank in 1998 & it is cleared in... Asked 8/25/16, 10:52 pm in India Banking Law
-
Receiving threatening calls from credit card from SBI for one of my friend I have no... Asked 8/24/16, 2:01 am in India Banking Law
-
Hi. My ex Husband is Sudanese. He lived in India for many years as a student, then... Asked 8/19/16, 10:26 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
