Multiple choice

Which of the following statements is correct?

  1. The policy document has to be signed by a competent authority, but need not be compulsorily stamped according to the Indian Stamp Act.

  2. The policy document has to be signed by a competent authority and should be stamped according to the Indian Stamp Act.

  3. The policy document need not be signed by a competent authority, but should be stamped according to the Indian Stamp Act.

  4. The policy document neither needs to be signed by a competent authority nor it needs to be compulsorily stamped according to the Indian Stamp Act.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to the Indian Stamp Act, the policy document has to be signed by a competent authority as well as stamped. Hence, option (2) is correct.

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