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Stamp paper for articleship

Satvir Singh (Newly minted CA) (1733 Points)

26 April 2011

What value of stamp paper is required for articleship deed in delhi?

thanks in anticipation

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19 Replies

Akhilesh Karn (Chartered Accountant) (38 Points)
Replied 26 April 2011

you need to do franking of rs. 100

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praveen kumar kalluri ( student) (1032 Points)
Replied 26 April 2011

I think franking of Rs.20

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Satvir Singh (Newly minted CA) (1733 Points)
Replied 26 April 2011

well, inconclusive so far...and btw, what is franking???

(Guest)

rs. 20 is enough

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Satvir Singh (Newly minted CA) (1733 Points)
Replied 26 April 2011

i read on ICAI website that deed should be executed in duplicate. Does that mean I should purchase 2 stamp papers of Rs. 20 each????

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CA CS Preeti Mehta (nil) (635 Points)
Replied 27 April 2011

Its RS. 100..& deed should not be in duplicate ..only single copy of deed..Franking is to be taken on the first page of articleship deed...

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(Guest)

FORM NO.102 IS YOUR DEED WHICH WOULD BE OF TWO COPIES AND YOU WILL HAVE TO ATTACH STAMP PAPER OF ONLI RS. 20 WITH 102 NO. FORM

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Chirag Jain (CA) (99 Points)
Replied 27 April 2011

franking of RS.100 on the deed (green color form) from a co-operative bank.....

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(Guest)

agree with ca student

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rajeev kumar, bcom ca-final (study) (196 Points)
Replied 27 April 2011

plz can any body give me the detail of document attached with it

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Satvir Singh (Newly minted CA) (1733 Points)
Replied 27 April 2011

thanks everyone

but what is franking? I have read that if I start in April, my final attempt will be preponed by 6 months.Due to exams, I can start articleship only in early May and that we can't buy stamp paper in back date. So, of what value should I purchase stamp paper, without printing anything on it.

Thanks

CA Govind Gupta (Proprietor) (152 Points)
Replied 27 April 2011

Stamp Paper of Rs. 20/- is to be submiited along with Form 102.

but after watching the ans you got confussed in between Rs. 20/- or Rs. 100/- Stamp Paper.

so you might be submitted stamp paper of Rs. 100/- to be on the safer side.

1 Like

Deepak Bholusaria (CA Practice ) (40 Points)
Replied 27 April 2011

Rs. 10/- is the correct amount.

If you all carefully read Delhi Stamp Duty rules (entry no. 9), you will find seperate entry for Deed of Apprenticeship, which govern deed of articles for CA students :

"9. APPRENTICESHIP DEED, including every writing relating to the service or tuition of any apprentice, clerk or servant placed with any master to learn any profession, trade or employment, not being articles of clerkship (No. 11) - Ten rupees"

Seperate entry for "ARTICLES OF CLERKSHIP"

11. ARTICLES OF CLERKSHIP or contract where by any person first becomes bound to serve as a clerk in order to his admission as an attorney in any High Court - Four hundred rupees

One more thing, Stamp paper need not be submitted with ICAI. it remains with Principal. As far as duplicate copy is concerned, one copy of deed is retained by principal and another part by Article Trainee. So again no need of submission of form 102 with ICAI.

Coming to franking. Franking is a process of putting value of stamp on some document using a machine known as "Fanking Machine". In last 20 years of my professional life I have not seen any stamp paper being franked. But yes, you all must have noticed in your life that sometimes we receive postal documents with stamp value printed on it in "Red" ink. That is franking.

I hope air is clear.

CA. Deepak Bholusaria

Originally posted by : Govind Gupta
	Stamp Paper of20/- is to be submiited along with Form 102. but after watching the ans you got confussed in between20/- or100/- Stamp Paper. so you might be submitted stamp paper of100/- to be on the safer side.