Stamp Duty on LLP Agreement

Stamp duty on LLP agreement

LLP registration does not end by getting the certificate of incorporation. An agreement with MCA has to be filed, after getting a certificate.

At the last step of online LLP registration you need to enter into an agreement and file it with MCA. An agreement must be filed within 30 days of incorporation. An LLP agreement is nothing but a written contract between all the partners of an LLP.

Various Clauses agreed by the partners are included in the LLP Agreement. Roles and responsibilities of the partners of an LLP are defined in the agreement. All the partners must sign the agreement. An LLP works and functions according to the agreement. With the help of the applicable clauses in an LLP agreement the disputes (if any), are resolved. The resolution will be according to the LLP Act, in case of absence of any clause.

An agreement should be on a stamp paper and also be notarized. Stamp duty is the matter of a state. There is no fixed rate at which stamp duty is charged, very state has a different stamp duty act; stamp dutyrate differs from state to state. With the amount of capital contributed in the LLPsss, the stamp duty also changes.

How is the Stamp Duty paid on LLP Agreement?

The stamp duty to be paid on an LLP agreement depends on the state in which it is registered and the amount of capital contribution.

It can be paid in two ways:
  • by purchase of non-judicial stamp paper or
  • by franking the agreement from the bank.

The agreement must be filed with MCA in how many days? Is there any penalty levied for delay in filing the same?

With MCA the LLP must be filed within 30 days of incorporation. Late fees of Rs. 100/- per day will be charged by MCA for filing an agreement after the due date.

Stamp duty charges by different states of India

State Capital Contribution
Up to 1 Lakh
1 to 5 Lakh
5 to 10 Lakh
10 Lakh and above
Andhra Pradesh
500
500
500
500
Arunachal Pradesh
100
100
100
100
Assam
100
100
100
100
Bihar
2500
5000
5000
5000
Chhattisgarh
2000
2000 - 5000
5000
5000
Delhi
1% of capital
1% of capital
5000
5000
Goa
150
150
150
150
Gujarat
1000
2000 - 5000
6000 - 10000
10000
Haryana
1000
1000
1000
1000
Himachal Pradesh
100
100
100
100
Jammu and Kashmir
100
100
100
100
Jharkhand
2500
5000
5000
5000
Karnataka
1000
1000
1000
1000 + 500
Kerala
5000
5000
5000
5000
2000
2000 - 5000
5000
5000
Maharashtra
1% of Capital (Min of 500)
1% of Capital
1% of Capital
1% of Capital (Max of 15000)
Manipur
100
100
100
100
Meghalaya
100
100
100
100
Mizoram
100
100
100
100
Nagaland
100
100
100
100
Orissa
200
200
200
200
Punjab
1000
1000
1000
1000
Rajasthan
4000 (Min of 2000)
2000 on every 50000 multiple, max of 10,000
10000
10000
Sikkim
100
100
100
100
Tamil Nadu
300
300
300
300
Tripura
100
100
100
100
Uttar Pradesh
750
750
750
750
Uttarakhand
750
750
750
750
West Bengal
150
150
150
150
Written by: CS Rohini Sehgal
Your Company

    Subscribe to our Newsletter

      Proprietorship Registration