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What Is The Difference Between Judicial And Non Judicial Stamp Paper?

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When it comes to legal documentation, the choice of stamp paper plays a pivotal role in ensuring the authenticity and validity of the agreement. In the realm of stamp papers, two significant categories dominate the landscape: judicial and non-judicial. Understanding the disparities between these two types is essential for individuals navigating legal processes. In this blog post, we delve into the nuances that differentiate judicial and non-judicial stamp papers , shedding light on their distinct features and applications. Nature and Purpose: Judicial Stamp Paper: This type of stamp paper is predominantly used for documents related to the judiciary. Agreements such as affidavits, power of attorney, and other legal declarations fall under this category. Judicial stamp papers are typically utilized for transactions requiring legal authentication. Non-Judicial Stamp Paper: In contrast, non-judicial stamp papers are employed for a broader spectrum of agreements, including commercial con...
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What Is Stamp Paper Validity?

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A stamp paper is a piece of paper that has been pre-printed with an official stamp, called a revenue stamp. It is used as proof of payment for various legal documents and transactions, such as contracts, deeds, and affidavits. In order to be considered valid, a stamp paper must be properly filled out and stamped with the correct amount of stamp duty. What is stamp duty? Stamp duty is a tax that is levied on certain legal documents and transactions. The amount of stamp duty varies depending on the nature of the document and the jurisdiction in which it is being used. In India, the stamp duty rates are set by the state governments and vary from state to state. What is the stamp paper validity? The stamp paper validity refers to the period of time during which the stamp paper is considered valid for use. In general, the stamp paper validity is based on the amount of stamp duty paid. For example, a stamp paper with a higher stamp duty will have a longer validity period than a stamp paper ...
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Is Partnership Deed Required to Be Registered?

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Starting a business in partnership offers flexibility and shared responsibility. In India, partnerships are governed by the Indian Partnership Act, 1932 . When two or more persons come together to carry out a business and share its profits, a partnership firm is formed. While creating a Partnership Deed is essential, the question that often arises is, “Is it mandatory to register a partnership deed?” In this blog, we’ll discuss what a partnership deed is, the legal requirements surrounding its registration, and the benefits of registering a partnership firm. What is a Partnership Deed? A Partnership Deed is a written agreement between the partners of a firm that outlines the terms and conditions of the partnership. It typically includes: Name and address of the firm and partners Nature of business Capital contribution by each partner Profit and loss sharing ratio Duties and responsibilities of each partner Provisions for admission, retirement, or death of a partner Dispute resolutio...
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