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Stamp duty for the LLP agreement should not be paid on the MCA portal. Stamp duty to be paid for the LLP agreement is a matter of state and the appropriate stamp duty can be paid in accordance with the state law on the stamp. In accordance with the instructions of the Ministry of Corporate Affairs (MCA), until the date on which stamp duty is prescribed by the stamp law, stamp duty on the LLP agreement may be paid in accordance with the stamp duty provided by the social contract under the 2009 Finance Act, in accordance with the 2009 tax. There are few states like Karnataka have added a specific stamp duty for the LLP agreement in their stamp law. Make sure the agreement is printed on non-judicial paper. MCA requests such a document to validate the inclusion of an LLP. The applicant must give consent to the MCA[1] 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. It is clear from the above that the LLP agreement is an absolute necessity for the inclusion of LLP. The LLP act must not be printed on standard paper; Otherwise, the Authority rescinds the requirement. Instead, the applicant must choose that the paper stamped with the non-judicial state serves this purpose. Don`t forget to get an out-of-court stamp on the agreement once these conditions are met.

Stamp duty varies from state to state and depends on the partner`s capital allocation. The table above would help gain access to the stamp rate in different countries. Please direct CorpBiz experts for technical advice on stamp duty on the LLP agreement. During the LLP registration process, partners/applicants are required to become aware of the situation when required 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. 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 purchasing extrajudicial stamp paper or by franchising the bank`s agreement. The contract must be submitted to the MCA within 30 days of its inception. MCA calculates late registration fees of 100 aff. per day for the filing of an agreement after the due date.

LLP`s initial agreement should be in accordance with the Imobi form and forwarded to the Registrar at the time of registration.