Unstamped Arbitartion Agreements Are Not Enforceable By Law
Introduction By a majority ruling in the matter of M/s. N.N. Global Mercantile Private Limited v. M/s. Indo Unique Flame Ltd. & Ors.[i], a Constitution Bench of the Supreme Court held that an arbitration agreement which is eligible for stamp duty, if not stamped, is not enforceable by law. However, the minority ruling addressed the … Continue reading Unstamped Arbitartion Agreements Are Not Enforceable By Law
Read more »Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof: The Indian Stamp Act of 1899 (2 of 1899) acts as fiscal legislation. It is an in-force Act of the Government of India for the charging of stamp duty on instruments recording transactions. The sole purpose of this Act is to generate revenues … Continue reading Exceptions for Power of Attorney (GPA) in India and Penalty Associated Thereof
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