My LLP agreement is under the jurisdiction of Maharashtra and I will pay stamp duty after challan. I just want to know what details should be included in the „Details of the Mandatory Payer“ and „Other Party Information“ column. The initial LLP agreement will be established and forwarded to the Registrar within 30 days of registration, and if a limited liability partnership does not extradite the original LLP agreement within a specified time frame, there will be a penalty of 100/- per day without a fixed ceiling. It is therefore very important to submit the initial agreement as soon as possible in order to avoid the sanction. 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. The final step in online LLP registration is to enter into an agreement and submit it to MCA. An agreement must be tabled within 30 days of creation. An LLP agreement is a written contract between all LLP partners. The registration of an LLP does not end with the receipt of the constitution. After receiving a certificate, an agreement must be submitted with MCA.
An agreement must appear on the stamp paper and be notarized. Stamp duty is a matter of state. Each state has a different stamp law and there is no fixed rate on which stamp duty is levied; The rate of stamp duty varies from state to state. In addition, stamp duty also varies with the amount of capital paid into the LLP. The LLP agreement is identical to a legal act covering all the details of the company, including the communitisation to be dealt with. It also shows information on the role of partners, their reciprocal rights, the share of profits and the contribution. In addition, the LLP agreement contains a more complete description of the rule and regulation of LLP. An act of LLP can, for example. B, consolidate information that contains information about how a newcomer can be named a partner in LLP and how his term is terminated. 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.