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. This agreement is mandatory during the creation of an LLP, since, in accordance with section 23 of the Limited Liability Partnership Act, it must be submitted to the Registrar in eForm 3 within thirty days of its creation. It must be printed on stamp paper. List of stamp taxes by state and capital deposit The filing of the LLP agreement with the Ministry of Corporate Affairs is the final step in registering an LLP. Upon receipt of the LLP Founding Act, the LLP Agreement, duly signed by the LLP partners, must be submitted within 30 days. Failure to file an LLP agreement results in a penalty of Rs.100 per day with no cap. In case of absence of clause, the dissolution is carried out in accordance with the LLP law. The stamp duty payable by the LLP agreement varies from state to state and is in accordance with the State Stamp Act. The stamp duty to be paid under the partnership contract for the 2009 Finance Act is also payable for LLP. Below you will find the LLP agreement stamp duty to be paid for different countries of India: 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.

As the above-mentioned fact shows, the LLP agreement is an absolute necessity for the creation of LLP. The LLP act must not be printed on standard paper; Otherwise, the Authority shall adopt the requirement. . . .