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