The above rate is according to the latest Stamp Duty Act, the telangana state stamp duty is the same as by Andhra Pradesh.State. As you can see, the Department of Corporate Affairs needs an LLP agreement. This agreement must be printed on stamp paper. Stamp duty on the LLP agreement depends first on two things: “The state of creation,” and another is “the amount of the partners` capital contribution.” This agreement should be concluded on non-judicial stamp paper. This agreement is required by the MCA after the initiation of an LLP. You must submit this agreement to MCA within 30 days of the creation of LLP. If this agreement is not tabled within 30 days of its creation, you may have to pay the fine. You must pay a fine of Rs.100 per day, without a cap. This agreement is therefore essential for a new LLP, as it is the final stage of inclusion and should also include an out-of-court stamp. The stamp duty list is mentioned below limited LIABILITY PARTNERSHIP AGREEMENT or LLP AGREEMENT means any written agreement between the LLP registration process, partners/plaintiffs rely on the situation when they have to submit an LLP agreement to MCA. This is a mandatory requirement and the final step in the creative process. Keep in mind that any injury, in this case, could result in a significant penalty.
The LLP agreement must be printed on non-judicial stamp paper. Once printed on stamp paper, it must be signed by LLP partners and certified notarized. The value of the stamp paper on which the LLP agreement or stamp duty on the LLP agreement is printed depends on the state of incorporation and the amount of the partners` capital contribution. This agreement is mandatory when creating an LLP, as it must be submitted to registrar in eForm3 within 30 days of its creation, in accordance with section 23 of the Partnership Liability Act. It should be printed on stamp paper. Make sure the agreement is printed on non-judicial stamp paper. MCA requests such a document to validate the inclusion of an LLP. The applicant must give consent to the MCA within 30 days of the creation of LLP.
Violation of such conditions entails specific penalties which must be reimbursed in accordance with the determination of the competent authority. We can therefore conclude that this agreement is an essential part of the creation process, which must be addressed without delay by the applicant. Conclusion The LLP agreement is an important document that loses the validity of the law if it is not executed on stamp paper of appropriate value or if stamp duty is insufficient. In the case of the LLP submission the LLP agreement in form-3 is mandatory, and you should not miss it. We conclude this article and believe that the in-depth discussion of the LLP agreement should be helpful and ask for your input in the comment area. In this article, you will find details on the LLP agreement and stamp duty on the agreement. Liabilit Limitedy Partnership (LLP) is a partnership in which it has limited liability and has its own legal entity that can take legal action or be sued by others. When creating an LLP, the final step in the creation is the submission of an LLP agreement to MCA. It is required by law. You must respect it, if you fail, you may have to pay a fine.