Legal Question in Civil Rights Law in India
In the year 1960 orally a plane agreement has done in one rupee stamp is it valid in the court or not plz reply
Asked on 8/11/13, 6:51 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
11.08.2013
Dear Sir / Madam,
If in the year 1960, the prevailing value of stamp as per the Indian Stamp Act, 1881 to be affixed on the Agreement written on plain paper was Re. 1/-, the Agreement is valid, else it is invalid. To the best of my knowledge, only revenue stamps of Re. 1/- are available. The minimum value of judicial and non-judicial stamp paper available then was Rs. 5/-, Rs. 10/- Rs. 20/- Rs. 50/- Rs. 100/- and so on. In all likelihood, the Agreement you are referring to would have been inadequately stamped rendering it invalid.
Regards,
Answered on 8/11/13, 7:40 am
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