Legal Question in Banking Law in India
Banking
What is the minimu and maximu amount of NON JUDICIAL STAMP PAPER REQUIRED for issuance of BANK GUARANTEE. under STAMP ACT.
Asked on 8/09/07, 5:16 am
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
Re: Banking
It has to be stamped as an agreement under Art.5 of the Schedule to the Stamp Act as amended by the State within which it has to be executed. Pl. check the concerned State Stamp Act.
Answered on 8/22/07, 10:00 pm
G. M. Gupta
gmguptaandassociates
Re: Banking
i think rs 100 paper is used only.
Answered on 8/17/07, 9:46 am
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