Law · Arbitration and Conciliation Act, 1996
An arbitration clause contained in a deficiently stamped and compulsorily registrable document:
- 1is enforceable only if the deficient stamp along with the penalty, if any, is paid and the document is registered
- 2is completely invalid and cannot be cured under any circumstances
- 3is enforceable only if the deficient stamp duty along with the penalty, if any, is paid✓
- 4is enforceable even without deficient stamp duty being paid
Correct answer
is enforceable only if the deficient stamp duty along with the penalty, if any, is paid
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