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Is payment of e stamp legally enforceable
12-Jul-2023 (In Documentation Law)
1. Would paying e-stamp for a completely electronic (digitally signed) agreement make it legally enforceable? 2. Can i pay e-stamp duty for any state from the SHCIL office or ACC offices? For eg. buying a Karnataka Govt. e-stamp paper from Delhi 3. Can an agent buy e-stamp on behalf of the parties? if yes, who will be mentioned as the purchaser in the form? 4. Do you normally need to print some part of the agreement on the e-stamp receipt?
Yes, a digitally singed agreement is enforceable. but you need to get the signature affixed on the e-stamp as well. You cannot buy a Karnataka e-stamp paper in Delhi. Yes, an agent can buy e-stamp paper on behalf of a party as long as the name of the party is mentioned in the e-stamp paper. You do not need any part of the agreement to be printed on it, but it does have to be signed by both parties.
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Adv. Angad Mehta
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What is the value of 100 RS stamp paper?
In India, a Rs-100 stamp paper is a non-judicial stamp used to execute legal or financial documents. The value is pre-printed at Rs 100. The stamps are available from authorised vendors of stamps or banks approved by the government. Stamp duty is paid directly on the stamp paper. 11-Sept-2023
What is the stamp paper value for MOU?
Normaly, MOUs are exempt from stamp duty. If the MOU includes an agreement to buy immovable property valued at more than Rs. If you are required to present it at court, the MOU should be stamped.
What is difference between e stamp and stamp paper?
What is the difference between E-stamp paper and Stamp paper?
Launch date : The Stamp Paper was launched in 1765, and the e-Stamp Paper in 2013. Authenticity: To check the authenticity, one must visit the court to inspect the Stamp Paper. However, the authenticity of the e-Stamp Paper is checked online. 30-Aug-2022
How do you determine the value of stamp paper?
The state government is responsible for determining the value. The charges are directly proportional to market value and other factors such as performance on the market. Stamp duty is also determined by the location of the property, such as whether its in an urban or rural area.
The Indian Government introduced e-stamping to tackle counterfeiting and make the payment of stamp duty easier and glitch free. In fact, in certain states, such as Delhi, all stamp duty needs to be paid through e-stamping. So paying e-stamp for electronic agreement is indeed legally enforceable. Information Technology Act, 2000 legally recognises electronic documents and records and digital signatures.First, you will have to go to the SHCIL website, www.shcilestamp.com, and check if your state government allows e-stamping. The site also has information on which transactions require stamping and addresses of collection centres. If the option is available in your state, you will have to fill an application form at an ACC. The application form should have details of the parties involved and the transaction for which it is to be used. This form is to be submitted along with payment for the stamp certificate. You can pay in currency or use a cheque or demand draft if it is done at the ACC.
No, Karnataka Government e-stamp cannot be bought in Delhi. For that contact a local lawyer practicing in Bangalore or anywhere else in the State of Karnataka. Yes, an agent can buy e-stamp on behalf of parties provided that the name of the party is mentioned in the stamp paper. To be on the safe side, purchase should be in the name of the party. It is not necessary to print the agreement or a part of it on the e-stamp paper. However, the agreement must be signed by both the parties, only then it would be considered as valid, which is the basic requirement of any written agreement be it traditional or electronic. I hope this puts your doubts to rest.
No, Karnataka Government e-stamp cannot be bought in Delhi. For that contact a local lawyer practicing in Bangalore or anywhere else in the State of Karnataka. Yes, an agent can buy e-stamp on behalf of parties provided that the name of the party is mentioned in the stamp paper. To be on the safe side, purchase should be in the name of the party. It is not necessary to print the agreement or a part of it on the e-stamp paper. However, the agreement must be signed by both the parties, only then it would be considered as valid, which is the basic requirement of any written agreement be it traditional or electronic. I hope this puts your doubts to rest.
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