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With BharatStamp, you can procure, store and affix stamp papers digitally to achieve 100% paperless eContracts.
Eliminate stamp procurement hassles, maintain a precise inventory and ensure total compliance with Indian stamping laws
One of the major reasons we chose Leegality was that it resolved logistics and expense management issues that we were facing with the physical stamping process. In a typical stamping process – we’d have to coordinate with the stamping vendor, ensure inventory is available, give them denominations etc. All of this requires a lot of effort at our end. Leegality’s stamping addressed this problem completely.
And it also ties up less money in the inventory of stamps, using this digital process. Physical process, you have to pay and buy, but if you enroll less [merchants] in that state, you will be left with a lot of stamp papers which are unused. So [BharatStamp] allows you to optimize the usage also and so you have less inventory tied up in stamps, stamp value. So it has helped us save at least 30% inventory value of stamps.
Earlier it was difficult for us to procure the stamp papers at our end, to keep them in our database, and then reconcile or map them with the original agreement based on which the merchant has signed it. Now, with Leegality, those things are happening automatically
Honestly speaking, buying those esigns and stamps is so convenient for me. Otherwise, I had to send a person out "please get this one stamp paper for me", pre-date it, back date it, whatever you can to try to arrange for the stamp paper. All those things are eliminated
One of the major reasons we chose Leegality was that it resolved logistics and expense management issues that we were facing with the physical stamping process. In a typical stamping process – we’d have to coordinate with the stamping vendor, ensure inventory is available, give them denominations etc. All of this requires a lot of effort at our end. Leegality’s stamping addressed this problem completely.
Earlier it was difficult for us to procure the stamp papers at our end, to keep them in our database, and then reconcile or map them with the original agreement based on which the merchant has signed it. Now, with Leegality, those things are happening automatically
In the physical stamping process you have to pay and buy stamps. But if you enroll less merchants in a particular state - you will be left with a lot of unused stamp papers. With BharatStamp, we can optimize the usage and have less inventory tied up in stamp paper. This has helped us save at least 30% in inventory value of stamps
Honestly speaking, buying those esigns and stamps is so convenient for me. Otherwise, I had to send a person out "please get this one stamp paper for me", pre-date it, back date it, whatever you can to try to arrange for the stamp paper. All those things are eliminated
Need to pay different stamp duty on each agreement? Avoid legal risks and use Dynamic Stamping to pay percentage based stamp duty instantly in compliance with the IT Act
No more dealing with Stamp vendors in different States, no more coordinating across your various branch offices. Use Bharat Stamp’s powerful, centralized tracker to keep track of your team’s stamp procurement and usage
NeSL DDE is a government backed infrastructure for digital execution of loan agreements. Under NeSL DDE - banks, NBFCs and other lenders can directly procure digital stamp paper instantly at 1/3rd the market rates
We’ve partnered with NeSL DDE to build the Leegality NeSL Suite - the fastest and easiest way for Banks and NBFCs to integrate and go-live with NeSL DDE
We have a 3 step plan for you to get started with BharatStamp:
Digital stamping or e-stamping is a method of paying stamp duty for agreements electronically. With Leegality’s BharatStamp you can affix digital stamp papers from 25+ states to your electronic agreements - allowing your eContract processes to be compliant with Indian stamping laws.
BharatStamp is completely legal under Section 4 of the IT Act and is currently being used by 500+ companies across India.
Leegality’s BharatStamp ensures compliance by:
1. Purchasing stamps ONLY from government authorised vendors
2. Ensuring defacement happens on the physical copy of the stamp paper
3. Affixing ONLY the digitally rendered copy of the physical, defaced stamp paper
4. Sending the physical copies (along with defacement) to your organisation for future reference
Parties often stamp the agreement at the highest rate applicable among all the states that could possibly be involved. Given the legal specifics involved, we would recommend that you consult your lawyer/legal counsel for this question.
Certain states, such as Maharashtra and Gujarat, expressly mention within their state stamp laws that stamp papers which have not been used within a period of 6 months from the date of purchase shall be rendered invalid. However in most States this time-limit doesn’t exist. BharatStamp, by default keeps your stamps valid for 6 months. However, if your legal team wants us to extend this validity - we can do so based on your request.
Through Leegality’s BharatStamp you can purchase and affix digital stamp papers from these 26 States/UTs - Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Telangana, Tripura, Uttar Pradesh, Uttaranchal, West Bengal
Digital stamping or e-stamping is a method of paying stamp duty for agreements electronically. With Leegality’s BharatStamp you can affix digital stamp papers from 25+ states to your electronic agreements - allowing your eContract processes to be compliant with Indian stamping laws.
BharatStamp is completely legal under Section 4 of the IT Act and is currently being used by 500+ companies across India.
Leegality’s BharatStamp ensures compliance by:
1. Purchasing stamps ONLY from government authorised vendors
2. Ensuring defacement happens on the physical copy of the stamp paper
3. Affixing ONLY the digitally rendered copy of the physical, defaced stamp paper
4. Sending the physical copies (along with defacement) to your organisation for future reference
Parties often stamp the agreement at the highest rate applicable among all the states that could possibly be involved. Given the legal specifics involved, we would recommend that you consult your lawyer/legal counsel for this question.
Certain states, such as Maharashtra and Gujarat, expressly mention within their state stamp laws that stamp papers which have not been used within a period of 6 months from the date of purchase shall be rendered invalid. However in most States this time-limit doesn’t exist. BharatStamp, by default keeps your stamps valid for 6 months. However, if your legal team wants us to extend this validity - we can do so based on your request.
Through Leegality’s BharatStamp you can purchase and affix digital stamp papers from these 25 States/UTs - Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttaranchal, West Bengal