Agreement Paper Validity

Since the law generally considers oral agreements to be valid agreements, you can first enter into an oral agreement and then confirm it in a later, written and registered document. Unless such a document is to be registered by a provision of a law, it is quite legitimate for you to recognize an agreement on the previous date on a stamp with a new date without legal complications. But if you did something to deceive the government or take away a duty or penalty under the Indian Stamp Act or another law, you can be punished. In Thiruvengada Pillai Vs. Navaneethammal &anr. (see here) has been decided by the Supreme Court that a stamp paper, even if it is more than six months old, is valid for use. Section 54 only prohibits refund after six months of purchase, but it does not limit the use of such old stamp paper for an agreement. Thus, nothing prevents you from using it even after years of purchase. The law has no statute of limitations for its validity.

This article was written by Harsh Jain. With degrees in LLB and LLM, Harsh NET, JRF, is qualified. Harsh has successfully passed Rajasthan Services Judicial Services, Main Examination, Gujarat Services Judicial pre, SBI Specialist Officer Scale II online exam and many other competitive tests. Many of its students are placed as ADJ, JMs, MMs, teachers, APPs, etc. In addition, Harsh is seeking a degree in entrepreneurship and business law from NUJS, Kolkata. This article discusses the validity of the agreements on the old stamp document. It is therefore clear from the above-mentioned terms that an unsampled agreement is not considered an agreement in the eyes of the law. The required obligation was not discharged and, therefore, the court of justice considered that this could be proved justly. In this case, it was decided that where an application under sections 11(4) to 11(6) of the 1996 Act is before a court and appears to be an arbitration clause in an unstamped agreement, the court is required by the provisions of the Indian Stamp Act to first threaten the agreement and see that stamp duty and penalty (if any) are paid. before the agreement as a whole, including the arbitration clause contained therein, can be implemented. .

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