The value of the bond paper required for an Indemnity Bond and a Supply Agreement for name transfer depends on the type of bond paper used. Let’s break it down:
Indemnity Bond:
An indemnity bond is typically executed on a
non-judicial stamp paper.
The value of the stamp paper for an indemnity bond can vary based on the state or region where it is being executed.
In some cases, an indemnity bond may require a stamp paper of
Rs. 100/-.
However, it’s essential to check the specific requirements of your local jurisdiction or the relevant authority.
Supply Agreement:
The supply agreement, if executed on a stamp paper, would also require a non-judicial stamp paper.
The value of the stamp paper for a supply agreement can vary based on the purpose and the state laws.
Generally, a supply agreement may be executed on a
stamp paper of Rs. 50/-.
Again, it’s crucial to verify the exact stamp duty requirements applicable in your specific situation.
Remember that stamp papers serve as evidence of the agreement’s authenticity and are used to make documents legally enforceable. Always obtain stamp papers from government-approved legal stamp vendors to ensure their validity.
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What is the Value of the Bond Paper on which (i) the Indemnity Bond and (ii) the Supply supply agreement is to be expected for Name Transfer?
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2024-02-14T09:31:43+00:00 2024-02-14T09:35:39+00:00Comment
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