Limited Liability Partnership Act
This query is : Resolved
Richa Malhotra
(Querist)
12 April 2022
how much stamp duty to be paid on affidavit and indemnity bond for strike off of llp in Delhi?
09 July 2024
For strike off of an LLP in Delhi, the stamp duty on affidavits and indemnity bonds can vary depending on the specific circumstances and the amount involved. Here’s a general guideline:
1. **Affidavit:**
- The stamp duty for affidavits in Delhi is typically Rs. 10 for general affidavits. However, if the affidavit relates to specific financial matters or declarations, higher stamp duty may apply based on the value involved. It's advisable to check with the local registrar or consult a stamp duty expert to determine the exact amount.
2. **Indemnity Bond:**
- Indemnity bonds in Delhi are subject to stamp duty based on the value of the bond. The stamp duty rates can vary, and it's essential to verify the current rates applicable at the time of executing the bond. Typically, stamp duty for indemnity bonds is a nominal amount, but it can vary.
### Steps to Determine Stamp Duty:
- **Consult Local Authorities:** Contact the office of the Sub-Registrar or Stamp Duty Department in Delhi to confirm the applicable stamp duty rates for affidavits and indemnity bonds.
- **Calculation Basis:** Stamp duty for indemnity bonds might be calculated based on the value of the indemnity or guarantee mentioned in the bond, if applicable.
- **Legal Advice:** If the amounts involved are substantial or if there are complex legal considerations, it's advisable to seek advice from a legal professional or a company secretary who can guide you through the process.
Ensure that the affidavits and indemnity bonds are properly stamped and executed as per the requirements of the LLP Act and relevant regulations to avoid any delays or complications in the strike off process.
1. **Affidavit:**
- The stamp duty for affidavits in Delhi is typically Rs. 10 for general affidavits. However, if the affidavit relates to specific financial matters or declarations, higher stamp duty may apply based on the value involved. It's advisable to check with the local registrar or consult a stamp duty expert to determine the exact amount.
2. **Indemnity Bond:**
- Indemnity bonds in Delhi are subject to stamp duty based on the value of the bond. The stamp duty rates can vary, and it's essential to verify the current rates applicable at the time of executing the bond. Typically, stamp duty for indemnity bonds is a nominal amount, but it can vary.
### Steps to Determine Stamp Duty:
- **Consult Local Authorities:** Contact the office of the Sub-Registrar or Stamp Duty Department in Delhi to confirm the applicable stamp duty rates for affidavits and indemnity bonds.
- **Calculation Basis:** Stamp duty for indemnity bonds might be calculated based on the value of the indemnity or guarantee mentioned in the bond, if applicable.
- **Legal Advice:** If the amounts involved are substantial or if there are complex legal considerations, it's advisable to seek advice from a legal professional or a company secretary who can guide you through the process.
Ensure that the affidavits and indemnity bonds are properly stamped and executed as per the requirements of the LLP Act and relevant regulations to avoid any delays or complications in the strike off process.
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