Question

What is the requirement for stamping a treaty reinsurance agreement executed in India?

a.

It is optional to stamp the agreement

b.

It is mandatory to stamp the agreement

c.

The stamping requirement depends on the type of reinsurance agreement

d.

The stamping requirement is determined by the Indian Stamps Act 1899

Answer: (b).It is mandatory to stamp the agreement Explanation:According to the Indian Stamps Act 1899, it is obligatory to stamp a treaty reinsurance agreement executed in India.

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Q. What is the requirement for stamping a treaty reinsurance agreement executed in India?

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