Family settlement

Guest (Querist) 25 May 2013 This query is : Resolved
Respected Experts,
Please explain that memorandum of family settlement is required to be executed on stamp paper or is it valid on plain paper also.
Please also explain that does it requires compulsory registration to be effective for being admissible in evidence in court of law or it can be admissible without being registered.
Can it be given name of compromise deed to prevent use of stamp paper and registration.
Thanx

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adv. rajeev ( rajoo ) (Expert) 25 May 2013
Yes it is valid on plaint paper also. Registration is mandatory, however it is admissible in evidence, if it is unregd.,

R.K Nanda (Expert) 25 May 2013
execute it on stamp paper and register it.

ajay sethi (Expert) 25 May 2013
in order to avoid controversies better have memorandum of family settlement duly stamped and regd .

Raj Kumar Makkad (Expert) 25 May 2013
Family settlement is compulsorily registrable so it should be drafted on stamp paper.

Advocate Bhartesh goyal (Expert) 26 May 2013
A per sec 17 of Registration Act,Family Settlement is compulsorily registrable.Said doument must be drafted on stamp paper.