Stamp duty for LLP agreements should not be paid on the MCA portal. The stamp duty to be paid for the LLP agreement is subject to the State and may be paid in accordance with the State Stamp Act. In accordance with the instructions of the Ministry of Corporate Affairs (MCA), stamp duty on the LLP Agreement may be paid until the date on which the specific stamp duty is required by the Stamp Act, in accordance with the stamp duty that must be paid on the partnership contract under the 2009 Finance Law. There are few states like Karnataka that have added a specific stamp duty for LLP agreements in their Stamp Act. As you can see, the LLP agreement is indispensable to the creation of an LLP, as it is the last step in the creation. If you file this agreement, you may face legal problems and pay a fine for it. And the LLP agreement should be stamped. It should contain an extrajudicial stamp. Stamp duty is decided according to the State and the capital contribution. You can see in a table above where stamp duty is mentioned. If you want to integrate your LLP, you need to take care of it, because MCA requires an LLP agreement. My LLP agreement is under the jurisdiction of Maharashtra and I pay stamp duty according to esbtr challan. I would just like to know to whom the data should be entered in the column “Customs payment data” and “Details of other parties”.
Therefore, 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. 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. The submission of the LLP agreement to the Ministry of Corporate Affairs is the final step in registering an LLP. Upon receipt of the LLP Founding Act, the LLP Agreement, duly signed by the LLP partners, must be submitted within 30 days. Failure to file an LLP agreement results in a penalty of Rs.100 per day with no cap. It is therefore important to prepare and submit the LLP agreement quickly after its creation. An agreement must appear on the stamp paper and be notarized. Stamp duty is a matter of state….