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Gopinath   14 July 2020

2 signature on single revenue stamp becomes valid or invalid

In a pronote with statements has a revenue stamp at the bottom with 2 different person signatures on a single stamp (same stamp above and below). Will it be legal. Valid / Invalid to file as per the jurisdiction.


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 5 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     14 July 2020

Invalid. 

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     14 July 2020

Originally posted by : Gopinath
In a pronote with statements has a revenue stamp at the bottom with 2 different person signatures on a single stamp (same stamp above and below). Will it be legal. Valid / Invalid to file as per the jurisdiction.

 

1. There is no legal bar to multiple persons signing on a single Revenue Stamp and is legally  acceptable, PROVIDED appropriate value of revenue stamp is affixed corresponding to the value of the instrument.

2. Both signatories shall individually & severally, remain legally bound by their signatures for a single transaction.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

1 Like

Gopinath   14 July 2020

Thank you. It's for an amount of ten lakh , signatures is in one rupee revenue stamp. Also hand written statement are valid or not. One more, if in case one of the person who signed is not accepting that it's not signed by him, then how it can be treated.

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     14 July 2020

Originally posted by : Gopinath
Thank you. It's for an amount of ten lakh , signatures is in one rupee revenue stamp.
Also hand written statement are valid or not.
One more, if in case one of the person who signed is not accepting that it's not signed by him, then how it can be treated.

 

1.  Value of Revenue Stamp to be affixed depends on the type of Instrument and also varies from state to state.

2. IF one signatory is refusing his signature on Revenue Stamp, THEN the instrument becomes infructuous, UNTILL you prove to the contrary with proper documentary evidences and witnesses.

3. For legal & techinical requirements, coordinate one-to-one with a local lawyer practicing Revenue matter  .OR. with a local Chartered Accountant.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

1 Like

sridhar pasumarthy (ADVOCATE)     15 July 2020

Yes, it is valid.  you can file suit for recovery of money making both of them jointly liable for the principal amount and interest.


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