Legal Question in Construction Law in India

Dear Sir,

It is a construction contract agreement. An E-Stamp Paper has been issued on 28th June 2011. Agreement has been signed on 19th December 2012 with effect from 15th June 2011. Is it a valid contract because E-Stamp Paper date is on a later date than that of date of effective applicability of the contract (15th June 2011)


Asked on 1/14/13, 11:01 pm

2 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

15.01.2012

Dear Sir / Madam,

Since the Construction Contractual Agreement has been entered into and signed on 19th December, 2012 having come into effect after the date of E-franking for payment of Stamp Duty, it is a valid contract as per the provisions of the Indian Contract Act and the Indian Stamp Act. It is possible that the parties to the contract may have been operating vide a provisional MOU from 15th June, 2011 till the date of formalizing their contract i.e 19th December, 2012.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for further on-line advice at [email protected])

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Answered on 1/15/13, 2:58 am


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