stamp duty required for llp agreement

Stamp Duty For LLP Agreement

STAMP DUTY PAYABLE FOR LLP AGREEMENT

Every Limited Liability Partnership shall have an LLP agreement in which all the rules and regulations shall be mentioned. After getting the certificate of registration from the Registrar the Limited Liability Partnership shall have to submit the initial LLP agreement in Form-3 with the requisite fees. Every LLP agreement shall be drafted on the non- judicial stamp paper because the stamp duty is paid to the state government, not to the MCA. The stamp duty is payable by the Limited Liability Partnership as per the Stamp Act. The stamp duty is based upon the capital of the LLP and the state in which the registered office of the LLP is situated.

The initial LLP agreement shall be drafted and filed to the registrar within 30 days of its registration and if any Limited Liability Partnership fails to furnish the initial LLP agreement within stipulated time period then there will be a penalty of Rs. 100/- per day without any fixed cap. Therefore it is very important to file the initial agreement as quick as possible to avoid the penalty.

The initial LLP agreement should be in accordance with the information as mentioned in the FiLLiP form and submitted to the registrar at the time of its registration. But after the approval of initial agreement if any partner or designated partner mutually agree to alter the LLP agreement or any clause they can alter such agreement or clause and the same shall be furnished to the Registrar in the form of Supplementary LLP agreement and the same shall be drafted on the non-judicial stamp paper having the value of Rs. 100/-.

THE AMOUNT OF STAMP PAPER FOR LLP AGREEMENT:

REGISTERED OFFICE CAPITAL CONTRIBUTION & THE VALUE OF STAMP PAPER FOR LLP AGREEMENT
STATE LESS THAN RS. 1 LAKH RS. 1 LAKH TO RS. 5 LAKH RS. 5 LAKH TO RS. 10 LAKH ABOVE RS. 10 LAKH
Andhra Pradesh 500 500 500 500
Arunachal Pradesh 100 100 100 100
Assam 100 100 100 100
Bihar 2500 5000 5000 5000
Chattishgarh 2000 2000-5000 5000 5000
Dadar & Nagar 1000 2000-5000 6000-10000 10000
Daman & Diu 150 150 150 150
Goa 150 150 150 150
Gujarat 1000 2000-5000 6000-10000 10000
Haryana 1000 1000 1000 1000
Himachal Pradesh 100 100 100 100
Jammu & Kashmir 100 100 100 100
Jharkhand 2500 5000 5000 5000
Karnataka 1000 1000 1000 2000
Kerala 5000 5000 5000 5000
Madhya Pradesh 2000 2000-5000 5000 5000
Maharashtra 1000 2000-5000 5000 5000
Manipur 100 100 100 100
Meghalaya 100 100 100 100
Mizoram 100 100 100 100
Nagaland 100 100 100 100
New Delhi 1000 2000-5000 5000 5000
Orissa 200 200 200 200
Punjab 1000 1000 1000 1000
Rajasthan 500 500 500 500
Sikkim 100 100 100 100
Tamil Nadu 300 300 300 300
Tripura 100 100 100 100
Uttar Pradesh 750 750 750 750
Uttrakhand 750 750 750 750
West Bengal 150 150 150 150

For the state of Telangana:

  • If the value of the LLP agreement is up to Rs. 50000/- then the value of stamp paper will be Rs. 50/-.
  • If the value is exceeding Rs. 50000/- and up to Rs. 200000/- then the stamp paper value will be Rs. 100
  • If the value of the LLP agreement exceeds Rs. 200000/- then the value of stamp paper will be Rs. 200/-

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