Download Promissory Note Form | Karnataka | Bengaluru
A promisory note form is a legal form. It is legal instrument. It is used to determine who is going to pay the sum of amount to whom. Promissory note is basically a promise given to someone about paying sum amount. This form contains details about the amount to be given . It also states the times and terms and conditions of payment.
Is Promissory note legal in India ?
Yes Promissory note is legal in India. Promissory note is can be declared under Section 4 of the Negotiable Act, 1881. Using this binds both the parties into legal agreement.
Is Promissory note valid in court?
Yes Promissory note is absolutely legal in Indian court. You can present a promissory note in the court of law.
Is Promissory note valid without stamp?
A Promissory note requires revenue stamp. You can take revenue stamp from the post office.
What is the limitation of promissory note?
There is no maximum amount limit of promissory note.
This article contains promissory note form. You can download the promissory note form from the above link. You can get the revenue stamp from the post office and get it attested.