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Whether a promissory note, which is not adequately stamped, is admitted in evidence?

The Indian stamp act has spelt out what are the documents which are admitted as evidence, though insufficiently stamped. The Section 35 of this act deals with such situations. There are certain document if insufficiently stamped, is not admitted as evidence and also there is another category of insufficiently stamped document which are admitted as evidence on payment of penalty.

 The following documents if not sufficiently stamped are not at all admitted as evidence, even on payment of penalty

1. Promissory note.

2. Bill of exchange.

3. Document which required to be stamped with 10 paisa or less.

Some states have amended this minimum stipulation of 10 paisa; in Andhra Pradesh it is 20 paisa and in Tamilnadu it is 25 paisa. All other documents though insufficiently stamped are admitted as evidence on payment of penalty.


Whether the land converted for residential purposes could be utilized for construction of a school building?

In case of take over loan where the property is transferred by virtue of a general power of attorney whether the bank should insist on execution of a new general power of attorney or the earlier general power of attorney will hold good?

It is the normal practice that banks advance money to the individual borrowers for purchase of flats in an apartment building. Suppose after release of  home loan to the individual borrower, either in full or in part, who in turn has passed on this sum to the developer and  the developer abandons the project half way through  or unduly  delays in completion of the apartment building depriving the borrower to get the sale deed  executed in his favour, then how  the bank can enforce its  right for the money lent to the borrower for purchase of a flat in  the said apartment building? 

What right the creditor bank gets from the deed of declaration and joint development agreement, if not registered or proper stamp duty is not paid on the instrument?

Whether the deed of declaration and joint development agreements are enforceable in court of law without paying stamp duty?

What is meant by irrevocable power of attorney of immovable properties?

Is it necessary to register Power of Attorney to present documents for registration?

Is it necessary to register a General Power of Attorney (GPA)? 

What is the difference between Witness and Consenting Witness?

Can one become owner of a flat by purchasing and registering only undivided share of the land?