WHO WILL PURCHASE THE FRANKED PAPER/NONJUDICIAL STAMP PAPER,THE PARTY,IN FAVOUR OF WHICH THE AGREEMENT EXECUTE?

WHO WILL PURCHASE THE NON JUDICIAL STAMP PAPER/FRANKED PAPER OF A GIVEN VALUE?THE PERSON ,IN FAVOUR OF WHICH THE AGREEMENT WILL BE EXECUTED OR BY THE OTHER PERSON .ALSO THE AGREEMENT SHOULD BE PROPERLY NOTARISED AND REGISTERED FOR LEGAL EXECUTION OR NOT?