Showing : 1-4 of 4 Results

MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Stamp Act, 1899, Section 2(5)-- Bond - Essential ingredients are : (i) There must be an undertaking to pay; (ii) The sum should be a sum of money but not necessarily certain; (iii) The payment will be to another person named in the instrument; (iv) The maker should sign it; (v) The instrument must be attested by a witness; and..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Negotiable Instruments Act, 1881, Section 4-- Promissory note - Essential ingredients are : (i) An unconditional undertaking to pay; (ii) The sum should be a sum of money and should be certain; (iii) The payment should be to the order of a person who is certain, or to the bearer of the instrument; and (iv) The maker should sign it - If these..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Negotiable Instruments Act, 1881, Section 4, Stamp Act, 1899, Section 2(5), 2(22)-- Promissory note and bond - Distinction - There are three distinguishing features, viz. (i) If money payable under the instrument is not certain, it cannot be a promissory note, although it can be a bond; (ii) If the instrument is not attested by a witness, it cannot be a bond, although it may be a..........
MADHYA PRADESH HIGH COURT
Year of decision: 2009
Details
Stamp Act, 1899, Section 2(5), 33, 35, 35, 40-- Bond - Sale deed executed on payment of part payment - Balance amount payable within one year - Agreement executed - Document attested by witness and not payable to order or bearer - Held, the document is a bond - Document ordered to be impounded and to be dealt with u/s 40 of the Act...........

Showing : 1-4 of 4 Results