Q: What are stamping, registration and notarization in contract ?

Ans:  The Stamping,  Registration and Notarization are as follows: 

Stamping: 

Stamping is a necessary procedural formality without which your document will not be accepted in Court under normal circumstances. The stamp duty rate on a non-disclosure agreement will vary by state, but in most Indian states, it should be between Rs. 20 and Rs. 100.

Registration : 

A non-disclosure agreement can be registered under the Registration Act of 1908 by going to your district or city’s Sub-Office. The fees for the same, as well as the specific rules for registration, differ from state to state. Registration goes a long way toward confirming the authenticity of a document’s contents.

Notarization: 

Parties may choose to have their agreement notarized in most cases. A notary’s role is that of a witness; when a document is notarized, it means that the notary has personally witnessed the parties signing the contract. In the absence of a witness, a party could make up a variety of explanations to claim that he is not obligated by the contract’s terms. He could claim, for example, that he never signed the contract, that the signature is not his, or that his signature was forged. While there is no legal obligation in India to hire a notary for agreements, it will be useful in preventing parties from refusing to execute (sign) the contract on their own.
The cost of notarization varies depending on where you live. In Kolkata, for example, a leave and licence agreement with a monthly rent of Rs. 10,000 to 15,000 costs roughly Rs. 200.
Although registration and notarization are not legally required, they are always recommended because they make it easier to substantiate your case.

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