Who prints stamp paper in India?
Security Printing and Minting Corporation of India Limited (SPMCIL) was formed after corporatisation of nine units including four mints, four presses and one paper mill which were earlier functioning under the Ministry of Finance.
What is stamp paper India?
Traditional stamp paper or non-judicial stamp paper is used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, etc. for executing the said documents in States across India. Stamp paper can be purchased by visiting and purchasing stamp paper from any licensed stamp vendor.
Is stamp paper legal in India?
The only restriction for a stamp paper is prescribed under section 54 of the Indian Stamp Act. Section 54 provides that an allowance for stamp paper, which is not spoilt or rendered useless or unfit but is not in the immediate use of its purchaser, may be sought for by the purchaser within six months of its purchase.
How many stamp papers are there in India?
The denominations available for these Stamp Papers are Rs. 20, 50, 100, 500, 1000, 5000, 10000, 15000, 20000, 25000. The circulation of Stamp Papers is spiralling downwards as today we are equipped with better a tool, which is the e-Stamp Paper.
What is stamp paper called in English?
noun. The gummed marginal paper at the edge of a sheet of postage stamps.
How many types of stamp papers are there in India?
What are the different denomination of Non-Judicial Stamp papers available? The different Denomination of Non Judicial stamps Stamp papers are from Rs. 10, 20, 50,100, 500, 1000, 5000, 10000, 15000, 20,000, 25,000.
What is the validity of 200 RS stamp paper?
as on the date of your question any sale agreement on 200 Rupees stamp paper is not valid. if you enter into sale agreement with anybody without taking possession then you have to pay 0.5% of the consideration amount which will be deducted at the time of executing the sale deed.
Does franking expire?
Any Franking machine license is valid for 5 years after date of License generation request. After 5 years License will automatically get expire. To renew your license you have to raise renew request for particular license and pay renewal fee for the same.
Can we return stamp paper?
A person who hold stamp papers which are not used or which have been spoiled due to document typed but not executed etc. can be returned and a refund can be claimed as per provisions of S. 54 of the Stamps Act, 1899. The provision provides circumstances in which a refund can be claimed and limitation for the same.