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Is a contract which is not on stamp paper valid
17-Feb-2023 (In Labour & Service Law)
Hello, I have offer job from company. At time of accepting offer I signed on contact paper. There are three clauses in contract out of three one clause is after sign contract you have to join company. If you breach this contract then you have to pay two months salary. The contract is on simple ledger papper no stamp paper. So is this valid? Did I need to pay amount?
Vide section 4 of Registration (M.P. Amendment) Act 2009, clauses F and G have been inserted in section 17 of the Indian Registration Act, 1908 which provides that "any document which purports or operates to effect any contract for sale of any immovable property compulsorily requires registration".
The said amendment has come into force in the state of MP from 14.01.2010, which is the date of its publication in the gazette of MP.
If your agreement is after this date, then it is not valid in eyes of law. However, you have another right to sue him for specific performance of contract alleging verbal contract of sale.
The said amendment has come into force in the state of MP from 14.01.2010, which is the date of its publication in the gazette of MP.
If your agreement is after this date, then it is not valid in eyes of law. However, you have another right to sue him for specific performance of contract alleging verbal contract of sale.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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