Llp stamp duty payable on supplementary deed in case of incr

11376 views 4 replies

 

 

FACT:
 
  • Existing LLP with a Capital of Rs 1.5 lacs, Existing Stamp Duty paid rs 1500/-
  • Registered office Maharashtra
  • want to increase capital / contribution to rs 5= 1.5+3.5=5 lacs by Admitting new partner.
 
Query:
  • What is the stamp duty payable on the Supplementary  Deed ?
  • All the Partner Will execute the deed (old and New) ?
  • Notarization of deed is compulsory ?
 
Thanks
 

 
 
Best  Regards:
Manish Buchasia / M. S. Buchasia & Associates
(Practising Company Secretaries)
410, "SATYAM MALL" Nr Kameshwar School, Opp Samman,
Jodhpur, Satellite , Ahmadabad -380015, Gujarat
(M) 09898055367 (O) 079-30023620 

(e) manishbuchasiacs @ gmail.com

NB: Ack the mail by Reply
https://sites.google.com/site/csupdated/csupdate
https://sites.google.com/site/csupdated/cin
Replies (4)

 

Dear Sir
 
I was in impression that the stamp duty is same as per Partnership Agreement, so whatever we pay in case of partnership, we pay on LLP also.
 
But a senior CS told me that there is no separate entry for LLP Agreement in the stamp act, hence no specific stamp duty.
 
What is your experience on this ?

Can you please send me Supplementary llp agreement (draft copy ) for change of office within the same area

email - khguptaandco @ gmail.com

Email.- firmsclient @ gmail.com

 

sir,

i have a query that in supplementary llp agreement for increase in contribution of partners what will be amount for stamp duty to be payable?

@ Manish bhai, you need to pay stamp duty on additional capital of Rs 3.5 Lacs. In Maharashtra, stamp duty on LLP Agreement is 1% on total contribution, subject to maximum of Rs 15,000/-. Hence you need to pay stamp duty of Rs 3,500/- on supplement deed.

All the partners shall sign the supplement deed. There is no need to do notary on Supplement Deed. However, if partners want, then can do so.

 

 

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