Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > LAW >

Validity of stamp papers

    Post New Topic
Pages : 1





Chartered Accountant

[ Scorecard : 6068]
Posted On 26 October 2009 at 20:58 Report Abuse

Dear professionals,

 

Many people have doubt regarding the validity of the stamp papers which i have tried to remove by these points....

 

In a remarkable judgements, the supreme court held that the stamp papers , can be used even after a period of 6 months from the date of purchase etc.


there is no bar using the old stamp papers at all ,. it is valid inall aspects


the stamp acts, never, made it non usable


it is valid as a fresh one and it is having all the rights and it can be enforced any where

What the Supreme Court has held is:


Stamp Paper has to be surrendered within 6 months if a refund is required for unused stamp papers. 


Stamp Papers used even 6 months old after its date will be valid.

 "The Indian Stamp Act, 1899 nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such stamp paper to the Collector provided it was purchased within the period of six months next preceding the date on which it was so surrendered. The stipulation of the period of six months prescribed in Section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document.

Thiruvengada Pillai Vs. Navaneethammal and Anr. "



Total thanks : 2 times

Online classes for CA CS CMA



Anoop
Service

[ Scorecard : 345]
Posted On 27 October 2009 at 14:43

Originally posted by :Taranjit Singh
" Dear professionals,
 
Many people have doubt regarding the validity of the stamp papers which i have tried to remove by these points....
 
In a remarkable judgements, the supreme court held that the stamp papers , can be used even after a period of 6 months from the date of purchase etc.


there is no bar using the old stamp papers at all ,. it is valid inall aspects


the stamp acts, never, made it non usable


it is valid as a fresh one and it is having all the rights and it can be enforced any where

What the Supreme Court has held is:


Stamp Paper has to be surrendered within 6 months if a refund is required for unused stamp papers. 


Stamp Papers used even 6 months old after its date will be valid.
 "The Indian Stamp Act, 1899 nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such stamp paper to the Collector provided it was purchased within the period of six months next preceding the date on which it was so surrendered. The stipulation of the period of six months prescribed in Section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months. Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document.
Thiruvengada Pillai Vs. Navaneethammal and Anr. "
 
"


 

Pls. inform can I use stamp paper by pasting a printed paper instead of direct printing on it? However, I'll notary after pasting such document on it.

Is it valid? Pls. clarify.

Thanks





PJANARDHANA REDDY
director

[ Scorecard : 48]
Posted On 28 October 2009 at 09:48

DEAR FRIENDS,

PLEASE FIND THE ATTACHED JUDGMENT ON NON-JUDICIAL PAPERS



Attached File : 59 an important case sc citation on validity of judicial stamp paper.rar downloaded 2918 times

Total thanks : 2 times



Rajesh Gupta
accountant

[ Scorecard : 47]
Posted On 20 March 2012 at 13:37

I have purchase stamp paper on 17th March 2012 but agreement printed on stamp paer of dated 15th Feb 2012

is it ok.

 

pl. reply urgently




Sudarshan
Student

[ Scorecard : 23]
Posted On 01 June 2012 at 16:38

please someone tell the use of stamp paper, its valuation system?

 

thanks




Khushboo Maheshwari
Company Secretary

[ Scorecard : 482]
Posted On 06 June 2012 at 15:27

Originally posted by : Rajesh Gupta

I have purchase stamp paper on 17th March 2012 but agreement printed on stamp paer of dated 15th Feb 2012

is it ok.

 

pl. reply urgently


No its not valid, how can you execute an agreement on 15th feb with a 17th march stamp paper
 



There are 5 Replies to this message








Related Files








Related Threads


Post your reply for Validity of stamp papers



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top