Examveda
Examveda

An arbitration clause contained in a deficiently stamped and compulsorily registrable document

A. Is enforcement even without deficient stamp duty being paid

B. Is enforceable only it the deficient stamp duty along with the penalty, if any, is paid

C. Is invalid

D. Is enforceable only if the deficient stamp duty along with the penalty if any is paid and the document is registered

Answer: Option B


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An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party