Adjudication as to Stamps

Introduction A firm (Private or Public) is required to provide Share Certificates to its shareholders in the event that additional shares are allotted within the specified time frame and to its subscribers to the memorandum in the case of formation. However, there are several circumstances where a business misses the deadline for paying stamp duty... Continue Reading →

Time of Stamping Instruments executed outside India – Indian Stamp Act

Introduction Power of Attorney (GPA) Exceptions in India and Related Penalties As a piece of fiscal legislation, the Indian Stamp Act of 1899 (2 of 1899) is used. The Government of India has an active law that governs the imposition of stamp duty on documents that record transactions. The sole intent of this Act is... Continue Reading →

Time of stamping instruments executed within India – Indian Stamp Act

Introduction A fiscal charge known as "stamp duty" must be paid to the government in India for any documents that create a title or any other interest in the property, including business contracts. States also have their statutes and regulations, even though the Indian Stamp Act of 1899, a significant piece of legislation, oversees transactions... Continue Reading →

Dealing with instruments impounded – Indian stamp act

Introduction Throughout our lives, we come across various levels and types of transactions and documents. Some of these documents and transactions are of massive importance to us and the State. Without any mechanism of their regulation, it would be troublesome to keep a track of such transactions. For this reason, the State introduced the process... Continue Reading →

Admission of improperly stamped instruments

Introduction We come across promises given to us on a regular basis throughout our lives. The person in front of us will frequently try to highlight a point by saying something like, "Let me put it in writing for you." However, such a contract is not legitimate in the eyes of the law unless certain... Continue Reading →

Instruments not duly stamped inadmissible in Evidence

Introduction It's worth mentioning that the fundamental Stamp Act of 1899 makes no explicit provision for the admissibility of completely unstamped instruments/documents as evidence. This Act, on the other hand, allows for the admission of under-stamped or improperly stamped instruments and documents. Sections 33 and 35 of the core legislation deal with under-stamped papers and... Continue Reading →

Instruments not duly stamped- treatment and consequences (impounding)- Indian Stamp Act

Introduction “instrument” includes every document by which any right or liability is, or purports to be, created, transferred, limited, extended, extinguished, or recorded; Instrument not duly stamped - 'Instrument' means 'any right or responsibility is transferred,' and 'duly stamped' means 'instrument bears an adhesive stamp of suitable amount as specified by law,' therefore 'Instrument not... Continue Reading →

Denoting duty – Indian Stamp Act

History Governments across Europe had imposed stamp taxes by the 17th century. They were a prevalent type of taxation in the Netherlands, France, Denmark, Prussia, and England throughout the following century. The Stamp Act of the British Parliament was approved in 1765, and this is when the stamp tax was established. The tax was levied... Continue Reading →

Biography of Justice Gaurang Kanth

Gaurang Kanth, an Indian lawyer located in New Delhi, was born on August 20, 1975. In 1998, he was admitted to the Delhi Bar Council as an Advocate. Since October 2016, he has been a member of the Central Government Standing Counsel. He obtained his Bachelor’s in History from the Hindu College, the University of... Continue Reading →

Cancellation of Adhesive Stamps – Indian Stamp Act

Introduction In India and numerous other nations, stamp duty is required when registering or legalizing a document. The document in question is then stamped as proof of stamp duty payment, but what are the various methods of stamp duty payment? Before we go any further, let's define what stamp duty is. Stamps that are adhered... Continue Reading →

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