Sunday, February 22, 2009

Stamp Paper in whose name?

A stamp paper purchased in the name of some one can not be used by some other person who is not a party to the contract. u/s 34 of the Bombay Stamp act 1958 clearly states that ".....such stamp paper is purchased in the name of one of the parties to the instrument..."
If in case a stamp paper is not in the name of either party to any agreement the document shall not be considered as evidence in the court of law.



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