In this article, you will find details about the LLP agreement and stamp duty on the agreement. Limited Liability Partnership (LLP) is a partnership in which it has limited liability and a separate legal entity that can be sued or sued by others. When creating an LLP, the final step in creating it is submitting an LLP agreement to MCA. It is prescribed by law. You must stick to it and, in case of omission, you may have to pay a fine. An LLP agreement should contain all the details regarding LLP and its rules and regulations applicable to its partners. Any LLP agreement should be stamped. You must print your agreement on the extrajudicial stamp. A stamp duty is decided according to the State and the capital contribution. Each Limited Liability Partnership has an LLP agreement that mentions all the rules and regulations. Upon receipt of the certificate of registration by the Registrar, the Limited Liability Partnership must submit the original LLP agreement in form 3, with the necessary fee. Each LLP agreement is written on the extrajudicial stamp document, since stamp duty is paid to the Land Government and not to the MCA. Stamp duty must be paid by the limited liability company, in accordance with the Stamp Act.
Stamp duty depends on the capital of LLP and the State in which the LLP`s registered office is located. As you can see, the Ministry of Corporate Affairs needs an LLP agreement. This agreement must be printed on stamp paper. The stamp duty on LLP agreements depends on two things: first, "the state of creation" and another is "the amount of the partners` capital contribution". This agreement should be concluded on an extrajudicial affixing document. This agreement is required by MCA after the creation of an LLP. You must submit this agreement to MCA within 30 days of the creation of LLP. If you do not submit this agreement within 30 days of your creation, you may be required to pay the fine. You will have to pay a fine of Rs.100 per day, with no ceiling.
This agreement is therefore essential for a new LLP, as it is the last step in the creation and should also include an extrajudicial stamp. List of stamp taxes is mentioned below the stamp duty payable llp agreement varies from state to state and complies with the State Stamp Act. The stamp duty to be paid under the partnership contract for the 2009 Finance Act is also payable for LLP. The stamp duty of the LLP agreement for different states of India must be paid below: thus, the stamp duty on an LLP agreement depends on the State in which it is registered and the amount of the capital contribution. It can be paid in two ways, by buying extrajudicial stamp paper or by francizing the bank`s contract. The agreement must be submitted to the MCA within 30 days of its creation. MCA charges a fee for late filing of paragraph 100/ - per day for filing an agreement after the due date. Make sure the agreement is to be printed on extra-judicial stamp paper.. . .