Backdated Agreement on Current Date Stamp Paper

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A partnership established on 01/06/2020 faced issues when stamp paper arrived later on 29/06/2020 due to the pandemic. The deed was prepared with the original incorporation date, and the PAN card also reflects this. When submitting for bank account opening, a query arose regarding the discrepancy between the deed's execution date (01/06/2020) and the stamp paper date. The suggested solution is to correct the date of execution on the agreement by having all parties sign the amendment.

Dhruvin V. Savla

Dhruvin V. Savla (Querist)
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22 September 2020 The Date of Incorporation of Partnership is 01/06/2020, but due to lockdown & Covid -19 Pandameic we received Stamp Paper dated 29/06/2020. We prepared the deed with DOI 01/06/2020. We also, have received PAN Card with same DOI. The Said agreement is submitted in ROF for registration. While opening Bank Account the said query was raised. So is there any solution for said situtaion? Kindly suggest.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2020 The agreement must show the date of execution as the date of the stamp paper or a subsequent date; but it can be made effective from an earlier date (01/06/2020).

Dhruvin V. Savla

Dhruvin V. Savla (Querist)
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22 September 2020 In case of Date of Execution also, we have written 01/06/2020, So is there any solution for the same?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 September 2020 Correct the date of execution by signing to the correction by all.

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