On demand

kanmani (Querist) 31 August 2015 This query is : Resolved
1.may we use on demand paper for money lending?
2.how much money can lend? which stamp is to be used for money lending?
3.how long it will be valid?

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R.K Nanda (Expert) 01 September 2015
consult local lawyer.

Rajendra K Goyal (Expert) 02 September 2015
Demand Promissory note may be used.

No limit. Stamp as per stamp applicable.

Valid for 3 years.

T. Kalaiselvan, Advocate (Expert) 06 September 2015
Well advised by expert Mr. Rajendra K Goyal. You may use demand promissory note.

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