Stamp paper value for LLP agreement in Delhi is an important aspect that must be considered before entering into an LLP agreement. The LLP agreement is a legal document that outlines the rights and duties of the partners in an LLP. It is a crucial document that helps in the smooth functioning of the LLP. The stamp paper value of the LLP agreement in Delhi is determined by the Delhi Stamp Act, 1958, and the Indian Stamp Act, 1899.
The stamp paper value for LLP agreement in Delhi depends on the capital contribution of the LLP. If the capital contribution of the LLP is up to Rs. 10 lakhs, then the stamp paper value of the LLP agreement is Rs. 500. If the capital contribution of the LLP is between Rs. 10 lakhs to Rs. 50 lakhs, then the stamp paper value of the LLP agreement is Rs. 2,000. If the capital contribution of the LLP is above Rs. 50 lakhs, then the stamp paper value of the LLP agreement is Rs. 5,000.
It is important to note that the LLP agreement must be executed on a non-judicial stamp paper. The stamp paper must be purchased in the name of one of the partners of the LLP. The stamp paper must be of the appropriate value as per the capital contribution of the LLP. The LLP agreement must be signed by all the partners of the LLP in the presence of two witnesses.
In addition to the stamp paper value, there are other fees and charges that must be paid while registering an LLP in Delhi. The registration fees for an LLP in Delhi is Rs. 5,000. The fees for filing the LLP agreement is Rs. 200. The fees for filing Form 2, which is the notice of appointment of partners, is Rs. 50.
In conclusion, the stamp paper value for LLP agreement in Delhi is determined by the capital contribution of the LLP. It is important to ensure that the LLP agreement is executed on a non-judicial stamp paper of the appropriate value. Along with the stamp paper value, there are other fees and charges that must be paid while registering an LLP in Delhi. It is important to comply with all the legal requirements while registering an LLP to avoid any legal issues in the future.