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LLP Agreement Stamp Duty and LLP Registration Stamp Duty Charges Across Indian States

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Last Updated on July 5, 2024 by Kanakkupillai

In the lively world of business, the Limited Liability Partnership (LLP) has appeared as a popular choice for organizations and people trying a flexible and positive felony structure. As an LLP mixes the benefits of a partnership with the restricted duty of a company, it has become a wanted choice for many companies in India. However, while becoming a member of an LLP, it is important to understand the stamp duty fees for LLP deals and forms across one-of-a-kind states in India. This article aims to provide a full review of the stamp duty fees for LLP deals and forms in specific Indian states, helping you handle the legal world with ease.

LLP Agreement Stamp Duty

An LLP agreement is a written paper explaining the rights, duties, and jobs of the LLP members. It gives easy operations and clear contact among the parties, therefore working as an example of unity. States in India charge different stamp fees for LLP deals. The stamp duty rates for LLP deals in many of the big states are set out here:

  • Maharashtra: whichever is more, 0.2% of the capital contribution, or ₹1,500
  • Delhi: 0.1% of the capital contribution, whichever is higher—₹200
  • Karnataka: whichever is higher—0.2% of the capital contribution, or ₹200
  • Tamil Nadu: 0.1% of the capital contribution, whichever is more—₹100

For the most current information, it is essential to speak with legal experts or relevant authorities since the stamp duty costs could vary.

LLP Registration Stamp Duty

LLP registration consists of submitting the required documentation to the Registrar of Companies (ROC) and receiving a Certificate of Registration. Different Indian states have varying stamp duty paid for LLP registrations as well. The stamp duty rates for LLP registrations in some of the big states are laid out here:

  • Mumbai: ₹ 200
  • Delhi: ₹ 200
  • Karnataka: ₹ 200
  • Tamil Nadu: ₹ 100

Like with LLP agreements, it’s far vital to check the present-day stamp duty fees for LLP applications for your specific state before starting the filing process.

Stamp Duty Charges: Their Significance

Understanding the stamp duty charges for LLP deals and applications is important for several reasons:

  1. Legal compliance: Paying the necessary stamp duty is a legal responsibility; failing to pay might result in fines and registration process delays.
  2. Cost planning: Knowing the stamp duty charges in advance helps businesses and LLP partners to budget and plan their costs appropriately.
  3. Smooth operations: Ensuring that all legal processes, including stamp duty payments, are finished properly helps to avoid possible disagreements or problems in the future.
  4. Professional believability: Demonstrating a full understanding of legal requirements, such as stamp duty charges, can improve the trustworthiness and expertise of an LLP.

LLP Registration Stamp Duty Charges by Different States

LLP registration in India involves filing necessary documents with the Ministry of Corporate Affairs (MCA). Apart from the central registration fees, each state imposes stamp duty charges for LLP registration. These charges may vary significantly from one state to another.

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 500 500 500 500 500
Arunachal Pradesh 100 100 100 100 100
Assam 100 100 100 100 100
Bihar 2500 5000 5000 5000 5000
Chhattisgarh 2000 2000 – 5000 5000 5000 5000
Goa 150 150 150 150 150
Gujarat 1000 2000 – 5000 6000 – 10000 10000
Haryana 1000 1000 1000 1000 1000
Himachal Pradesh 100 100 100 100 100
Jammu Kashmir 100 100 100 100 100
Jharkhand 2500 5000 5000 5000 5000
Karnataka 1000 1000 1000 1000 + (500 For Every 5 Lakh Increase)
Kerala 5000 5000 5000 5000 5000
Madhya Pradesh 2000 2000 – 5000 5000 5000 5000
Maharashtra 1% of Capital (minimum of 500) % of Capital % of Capital 1% of Capital (15000 Max)
Manipur 100 100 100 100 100
Meghalaya 100 100 100 100 100
Mizoram 100 100 100 100 100
Nagaland 100 100 100 100 100
New Delhi 1% of Capital 1% of Capital 1% of Capital (Max: 5000) 1% of Capital (Max: 5000)
Orissa 200 200 200 200 200
Punjab 1000 1000 1000 1000 1000
Rajasthan 4000 (Min of 2000) 2000 on every 50000 multiple, max of 10,000 10000 10000
Sikkim 100 100 100 100 100
Tamil Nadu 300 300 300 300 300
Tripura 100 100 100 100 100
Uttar Pradesh 750 750 750 750 750
Uttarakhand 750 750 750 750 750
West Bengal 150 150 150 150 150
Dadra and Nagar Haveli 1000 2000 – 5000 6000 – 10000 10000
Daman and Diu 150 150 150 150 150

Conclusion

In conclusion, the stamp duty charges for LLP deals and applications change across different states in India. It is crucial for businesses and LLP partners to be informed of these charges and meet the law requirements to ensure an easy and successful LLP setup. By knowing the stamp duty charges and getting professional advice when necessary, LLPs can manage the legal environment with confidence and focus on growing successful companies.

Sumitha

I'm a professional content creator passionate about writing. My articles span law, business, finance, investments, and government schemes, always simplifying complex topics. Exploring and embracing novelty are my off-duty joys.