What is LLP Agreement and its stamp duty ?

What is LLP Agreement and its stamp duty ?

STAMP DUTY FOR LLP AGREEMENT


WHAT IS LLP AGREEMENT?

LIMITED LIABILITY PARTNERSHIP AGREEMENT or LLP AGREEMENT means any written agreement between
  1. The partners of the Limited Liability Partnership or
  2. Between the Limited Liability Partnership and its partners

which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership.

HOW IS LLP AGREEMENT PREPARED?
LLP Agreement has certain Clauses which has to be discussed, agreed and Signed by all the Partners of LIMITED LIABILITY PARTNERSHIP. A LLP agreement has to made and printed on Stamp Paper bearing a certain amount of Stamp Duty (see table below) which has to be duly notarised.

FILLING OF LLP AGREEMENT
The LLP Agreement has to be filled with Ministry of Corporate Affairs (MCA) within 30 days of Incorporation of LIMITED LIABILITY PARTNERSHIP in LLP FORM 3.

Delay in Filling of LLP Agreement may cause a fine of RS. 100 per day

Below is the list of Stamp Duty to be paid for preparing LLP AGREEMENT for different states as per Capital Contribution.

The Stamp Duty on LLP Agreement is updated as per the Finance Act 2009 and Respective State Stamp Acts.

STATEUpto Rs. 1 LakhRs. 1 to Rs. 5 LakhRs. 5 to Rs. 10 LakhRs. 10 Lakh and above
Andhra Pradesh500500500500
Arunachal Pradesh100100100100
Assam100100100100
Bihar2500500050005000
Chhattisgarh20002000-500050005000
Delhi1% of Capital1% of Capital1% of Capital

(Max : 5000)

1% of Capital

(Max : 5000)

Goa150150150150
Gujarat10002000-50006000-1000010000
Haryana1000100010001000
Himachal Pradesh100100100100
Jammu and Kashmir100100100100
Jharkhand2500500050005000
Karnataka1000100010001000 + (500 For Every 5 Lakh Increase)
Kerala5000500050005000
Madhya Pradesh20002000-500050005000
Maharashtra1% of Capital

(minimum of 500)

1% of Capital1% of Capital1% of Capital

(15000 Max)

Manipur100100100100
Meghalaya100100100100
Mizoram100100100100
Nagaland100100100100
Orissa200200200200
Punjab1000100010001000
Rajasthan4000

(50,000 or below : 2000)

4000-10000 (2000 on multiple of Rs. 50000)1000010000
Sikkim100100100100
Tamil Nadu300300300300
Tripura100100100100
Uttar Pradesh750750750750
Uttarakhand750750750750
West Bengal150150150150

LLP Registration can be done through TAXAJ in Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Uttar Pradesh, Madhya Pradesh and all other Indian cities. To know more about LLP Registration CLICK HERE


TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. For any further queries related to this or anything else visit TAXAJ

Watch all the Informational Videos here: YouTube Channel

TAXAJ Corporate Services LLP
Address: 1/11, 1st Floor, Sulahkul Vihar, Old Palam Road, Dwarka, Delhi-110078
Contact: 8961228919 ; 8802812345 | E-Mail: connect@taxaj.com

    • Related Articles

    • Procedure for Registration of Limited Liability Partnership

      Procedure for Registration of Limited Liability Partnership 1. Introduction Limited liability partnership is a body corporate and legal entity separate from its partners. It enjoys the status of separate legal entity only after incorporation. LLP ...

    • How to draft an LLP agreement?

      ?? What Is an LLP Agreement? A Limited Liability Partnership (LLP) Agreement—also known as the LLP Deed—is a legally binding document that outlines the rights, duties, profit‑sharing, management structure, and governance mechanism among partners. ...

    • LLP Registration Process in India

      Registering a Limited Liability Partnership (LLP) in India involves a structured online process governed by the Ministry of Corporate Affairs (MCA). Here's a comprehensive step-by-step guide to help you navigate the registration: ✅ Step-by-Step LLP ...

    • What is the minimum capital requirement for an LLP?

      ?️ What is the Minimum Capital Requirement for an LLP? Limited Liability Partnerships (LLPs) are a popular business structure, combining the flexibility of a partnership with the limited liability of a corporation. In India and many other ...

    • Formation of Limited Liability Partnership In India

      Limited Liability Partnership (LLP) has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organisation. The concept of the Limited Liability ...