Sign on witness papers

akumar (Querist) 17 June 2017 This query is : Resolved
Dear Expers,

I am working in a private company. sometimes our owner ask me to sign some witness papers ( alongwith sign of our Director).

As a employee of comapany, i cant refuse to sign papers. can you please advise whethter i should sign those paper.

1) What is legal boundness of mine, after sign these witness papers.

2) What is difference between guarnatee and surity for these papers.

I am so worried, please suggest

Rgds,
Amit Kumar

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kavksatyanarayana (Expert) 17 June 2017
generally Company Directors enter into Agreements with other companies or agents or dealers. in such cases, there may not be problem. But ask your owner to give time to sign and show a copy of the same to your counsel.only on his advise you may sign.otherwise don't sign.

Kumar Doab (Expert) 17 June 2017
Simple and workable advise by Mr.kavksatyanarayana.

Appreciated.

Avoid signing as Guarantor or Surity for employer.

Dr J C Vashista (Expert) 18 June 2017
Although it is an academic query yet to clarify;
witnessing a document is that when the parties put their hand (sign) witness has seen them signing and identify them, which has very limited liability of the witness qua terms and conditions of the document/ agreement.

Guarantee or surety create a liability on you as equal to that of the party which you stand guarantor or surety, depending upon the terms of document/agreement executed between the parties.

P. Venu (Expert) 18 June 2017
It is advisable that you ascertain the nature of the document and the transaction involved before affixing your signature.