What is a non-judicial stamp paper?

These refer to traditional or non-judicial stamp paper, used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, etc. Non-judicial stamp paper can be purchased by visiting and purchasing stamp paper from any licensed stamp vendor.

What is the difference between judicial stamp and non-judicial stamp?

They are of two kinds: Judicial, used for legal and court work; non-judicial, used for registration of documents, insurance policies etc. Judicial stamp papers are generally used for a legal purpose or for court cases. The Judicial stamp papers are also commonly known as court fee stamp paper.

What is the difference between 50 and 100 stamp paper?

50 for General Power of Attorney/Agreement. Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.

What is the importance of non-judicial stamp paper?

Non-Judicial Stamp Papers are used in matters which concern transactional arrangements between parties that are not judicial in nature, such as an agreement to sell, affidavits, lease agreement, amendment in the article of association, etc.

What is the difference between judicial and nonjudicial foreclosure?

Essentially, a judicial foreclosure means that the lender goes to court to get a judgment to foreclose on your home, while a non-judicial foreclosure means that the lender does not need to go to court.

What is non judicial function?

Non-judicial or Administrative Functions: Miscellaneous functions like the courts may grant certain licenses, administer the estates of deceased persons and appoint receivers. They register marriages; appoint guardians of minor children and lunatics. In some states, they are authorized to confer citizenship on aliens.

What does it mean non judicial?

adjective. law. not related to a judgment in court or by a judge.

How do you use non-judicial stamp paper?

Traditional stamp paper or non-judicial stamp paper is used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, etc. for executing the said documents in States across India. Stamp paper can be purchased by visiting and purchasing stamp paper from any licensed stamp vendor.

Why is stamp paper important?

Stamped paper has been widely used around the world to collect taxes on documents requiring stamping, such as leases, agreements, receipts, court documents and many others. This is an efficient way of collecting taxes and stamping documents without the need to submit them to a separate government stamp office.

What does non-judicial mean?

Definition of nonjudicial : not judicial : not heard by, ordered by, or otherwise involving a judge a nonjudicial settlement the court’s nonjudicial employees.

What causes judicial foreclosure?

Judicial foreclosure refers to foreclosure proceedings that take place through the court system. This type of foreclosure process often occurs when a mortgage note lacks a power of sale clause, which would legally authorize the mortgage lender to sell the property if a default occurred.