Stamp Duty For Llp Agreement

In the event of a dispute, it will be resolved in accordance with the applicable provisions of an LLP agreement. In case of absence of clause, the decision is taken in accordance with the LLP law. The LLP Agreement is a written document that is considered the Constitution of the LLP, which defines the relationship between the partners of the LLP itself and its relationship with the LLP. The LLP agreement should be printed on plain paper and the stamp duty on the LLP agreement should be paid by purchasing the extrajudicial stamp document of reasonable value. Please read the following section to find out the stamp duty rate in your country. As you can see, many states have their different phrases of a stamp, so you have to pay according to your state. The LLP Agreement is a written contract between the LLP`s partners or between the LLP and its designated partners. The objective is to define the role of the partners, their reciprocal rights and obligations in addition to the ratio of equity and profit participation. LIMITED LIABILITY PARTNERSHIP AGREEMENT or LLP AGREEMENT means any written agreement between the 2 DPs who execute the LLP Agreement, one DP from UP and the other from MP. The head office is located at MP. What stamp duty is levied on the agreement? The bank may refuse to open an LLP bank account on the basis of stamp duty if LLP has been registered….