If this agreement is filed, you may have legal problems and you will have to pay fines. And the LLP agreement should be stamped. It should contain a non-judicial stamp. Stamp duty is decided on the basis of the state and the capital contribution. You can see in a table above where stamp duty is mentioned. If you want to integrate your LLP, you need to take care of it, because MCA requires an LLP agreement. My LLP agreement is under the jurisdiction of Maharashtra and I will pay Challan stamp duty. I just want to know what details should be in the “Details of the Mandatory Payor” and “Other Party Information” column. The LLP agreement can be amended or completely amended with the agreement of all LLP partners. In the event of a change in the Partnership Act or the LLP agreement, you cannot pay the stamp duty necessary to set up the business or the LLP, but an ordinary stamp duty that can be levied on a general agreement. As a legal document, the LLP agreement must be printed on stamp paper. Keep in mind that this is an imperative requirement after the relevant authority has been made available. The applicability of stamp duty to the LLP agreement is based on the state of the incorporation and the capital contribution of the partners.
Several clauses agreed by the partners are included in the LLP agreement. The roles and responsibilities of LLP partners are defined in the agreement. All partners must sign the agreement. An LLP works and operates in accordance with the agreement. The clauses applicable in an LLP agreement settle disputes (if any). The resolution will be adopted under the LLP Act in the absence of a clause. An LLP agreement contains different clauses, as agreed by the partners. The LLP agreement defines the roles and responsibilities of LLP partners.
It must be signed by all partners. An LLP works in accordance with the agreement. In the event of a dispute, it is resolved in accordance with the applicable clauses of an LLP agreement. In the absence of a clause, the resolution will be the LLP Act. Stamp duty, which must be paid by the LLP agreement, differs from state to state and is in accordance with the stamp law. Stamp duty due under the 2009 Finance Act on the Partnership Agreement must also be paid for LLP. The lP agreement to pay stamp duty for different states in India: the initial LLP agreement is established and forwarded to the clerk within 30 days of registration, and if a limited partnership does not issue the original LLP agreement within a specified time frame, there will be a penalty of 100/- per day without a fixed ceiling.