HELLO ALL
I AM WORKING AT A NBFC, PLEASE GUIDE ME ABOUT STAMP VALUE TO BE PAID IF COMBINED AGREEMENT OF BORROWER AND GURANTOR WILL BE MADE IN ONE AGREEMENT FOR LOAN DISBURSEMENT?
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STAMP VALUE FOR COMBINED AGREEMENT
Replies (1)
There is no fixed national stamp duty for a combined borrower-guarantor agreement. It depends on the state of execution, the loan type (secured vs. unsecured), and the specific state provisions regarding combined/multifarious instruments. You should verify the current schedule in your state's Stamp Act or seek formal adjudication from the local Stamp Office to avoid future legal disputes or penalties.
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