Stamp Paper

Save Share

This query is : Resolved

kartik_somu (Querist)

13 February 2008 Whether the agreement execution date can be before the purchase date of Stamp paper.

For eg. Agreement Execution Date is 27th August 2007.
Stamp Paper purchase date is 31 st August 2007.

Is it valid?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

13 February 2008 The answer is obvious. When the stamp paper is dated 31st Aug 2007, how you could execute the agreement thereon on the 27th August 2007?

kartik_somu

kartik_somu (Querist)

13 February 2008 U r not very clear about the matter n confusing me

kartik_somu

kartik_somu (Querist)

13 February 2008 please refer to any section or case law.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

13 February 2008 I am not cofusing. I am asking you a straight question- how will you execute an agreement earlier than the date of stamp paper?

R.V.RAO

R.V.RAO (Expert)

13 February 2008 Rules under the indian stamp act 1989 hold that an existing( on the date of stamp paper ) or future debt, or the performance of an engagement(after the date of the stamp paper) only give rise to pecuniary OR ACTUAL liability .
Hence if the agreement is on a date prior to date of stamp paper it does not give rise to any actionable ( in a court of law) claim .in other words it is not binding AND the force of law is absent. SIMPLY PUT NOT ENFORCEABLE EVEN IN A COURT OF LAW.
R.V.RAO

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now