ARTICLE 54 SECURITY BOND OR MORTGAGE DEED, where such security bond or mortgage amount secured by deed is executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof, or by a surety to secure the due performance of a contract, or in pursuance of an order of the court or a public officer, not being otherwise provided for by the Maharashtra Court-fees Act. – 0.5 per cent for the amount secured by such deed subject to the maximum of ten lakh rupeesProvided that, where on an instrument executed by a person for whom a person stands surety and executes security bond or a mortgage deed, duty has been paid under article 40, then the duty payable shall be one hundred rupees
Employee bond - stamp paper value in Maharashtra
I wish to execute a employee bond 1 What stamp paper value is applicable. Please mention slabs if any for different salary ranges 2 What act - section / schedule no mentions stamp paper fee rate ?
Asked 8 years ago in Labour
5 Answers
Rs. 100/- worth stamp paper is enough to make employee agreement.
Hello,
A stamp duty to the tune of Rs. 100 will be sufficient for executing the employment bond in light of Article 54 of the Security bond or mortgage deed.
Regards
The value of Rs. 500/- Non- Judicial stamp paper shall be applicable in the state of Maharashtra.
You can execute a employee Bond or employer and employee agreement on the stamp paper value not less than rupees 500 hundred. stamp duty is the subject of state and it is variable by State to state so it would be better for you to contact a local lawyer to get actual stamp duty applicable in execution of employee Bond.
