My LLP agreement is under the jurisdiction of Maharashtra and I pay stamp duty according to esbtr challan. I would just like to know to whom the data should be entered in the column “Customs payment data” and “Details of other parties”. As explained in the paragraphs above, the LLP must pay the stamp duty corresponding to the LLP agreement or partnership instrument. The method of payment of stamp duty is offline and the stamp duty obligation is fulfilled by the purchase of the extrajudicial stamp document by the designated stamp seller. Make sure the agreement must be printed on out-of-court stamp paper. MCA aims for such a document to validate the creation of an LLP. The applicant must bring the agreement to MCA within thirty days of the creation of LLP. A breach of these conditions entails specific penalties which must be paid in accordance with the provisions 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. The bank may refuse to open an LLP bank account on the basis of stamp duty to find out if LLP has been registered. As you can see, many states have their different phrases of a stamp, so you have to pay according to your state.
During the LLP registration process, the partner/applicant comes up against the situation in which they have to submit an LLP agreement to MCA. This is an imperative condition and the last step in the creative process. Remember that any violation in this case can result in a significant penalty. The LLP Agreement may be amended or completely modified with the agreement of all LLP partners. In case of modification of the deed of partnership or the LLP contract, you do not have to pay the stamp duty imposed for the creation of the company or LLP, but the periodic stamp duty levied on a general agreement. However, please respect the corresponding law of the State. Since this is a legal document, the LLP agreement must be printed on stamp paper. Remember that this is a mandatory requirement, as defined by the relevant authority. The applicability of stamp duty to the LLP agreement depends on the state of establishment and the capital contribution of the partners.
LLP agreement is required when opening LLP`s bank account, the correct stamp duty must be paid by appointment and the same must be approved by the Ministry of Corporate Affairs by LLP Form 3 In this article you will find details about the LLP agreement and stamp duty on the agreement. Limited Liability Partnership (LLP) is a partnership in which it has limited liability and has a separate legal entity that can be sued or sued by others….