Filing of LLP agreement with the Ministry of Corporate Affairs is the last step in the registration of an LLP. After obtaining LLP incorporation certificate, the LLP agreement, duly signed by the partners of the LLP must be filed within 30 days. Failure to file LLP agreement attracts a penalty of Rs.100 per day, with no cap. Hence, its important to quickly prepare and file the LLP agreement after incorporation.
LLP Agreement
The LLP Agreement must be printed on non-judicial stamp paper. Once, printed on stamp paper, it must be signed by the Partners of the LLP and notarized. The value of stamp paper on which the LLP agreement must be printed or stamp duty to be paid on the LLP agreement is dependent on the state of incorporation and amount of capital contribution from the partners.
Stamp Duty on LLP Agreement
Stamp Duty payable of LLP Agreement is different from state to state and is as per the State Stamp Act. The stamp duty payable on partnership agreement in view of the Finance Bill, 2009 is also payable for LLP. The following is the LLP agreement stamp duty payable for various states in India:
State | Capital Contribution & LLP Agreement Stamp Duty | |||
| Less than Rs.1 Lakh | Rs. 1 Lakh to Rs. 5 Lakh | Rs. 5 Lakh to Rs. 10 Lakh | Rs. 10 Lakh & 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 |
| Goa | 150 | 150 | 150 | 150 |
| Gujarat | 1000 | 2000 – 5000 | 6000 – 10000 | 10000 |
| Haryana | 1000 | 1000 | 1000 | 1000 |
| Himachal Pradesh | 100 | 100 | 100 | 100 |
| Jammu Kashmir | 100 | 100 | 100 | 100 |
| Jharkhand | 2500 | 5000 | 5000 | 5000 |
| Karnataka | 1000 | 1000 | 1000 | 1000 + (500 For Every 5 Lakh Increase) |
| Kerala | 5000 | 5000 | 5000 | 5000 |
| Madhya Pradesh | 2000 | 2000 – 5000 | 5000 | 5000 |
| Maharashtra | 1% of Capital(minimum of 500) | % of Capital | % of Capital | 1% of Capital(15000 Max) |
| Manipur | 100 | 100 | 100 | 100 |
| Meghalaya | 100 | 100 | 100 | 100 |
| Mizoram | 100 | 100 | 100 | 100 |
| Nagaland | 100 | 100 | 100 | 100 |
| New Delhi | 1% of Capital | 1% of Capital | 1% of Capital (Max: 5000) | 1% of Capital (Max: 5000) |
| 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 |
| Dadra and Nagar Haveli | 1000 | 2000 – 5000 | 6000 – 10000 | 10000 |
| Daman and Diu | 150 | 150 | 150 | 150 |