FLAT 20% OFF and 3-Months ADDED Validity on All Courses Absolutely FREE! Enroll Now Use Code: INDIA20
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

shasha jain   15 June 2018

promissory note or iou form

is it mandatory to get a promissory note stamped? what is the status of unstamped promissory note? what if a person has given me a promise in written to repay me at a particular time on a plain paper with a sign and date on it? is it still enforceable as a promissory note? will a promissory note without stamp be treated as iou note?


Learning

 1 Replies

R.K Nanda (Advocate)     15 June 2018

1.yes.
2.no legal value
3.no legal value
4.no.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion Unreplied Threads


Popular Discussion


view more »




Post a Suggestion for LCI Team
Post a Legal Query