In this article, you will find details about the LLP agreement and stamp duty on the agreement. Limited Liability Partnership (LLP) is a partnership in which it has limited liability and a separate legal entity that can be sued or sued by others. When creating an LLP, the final step in creating it is submitting an LLP agreement to MCA. It is prescribed by law. You must stick to it and, in case of omission, you may have to pay a fine. An LLP agreement should contain all the details regarding LLP and its rules and regulations applicable to its partners. Any LLP agreement should be stamped. You must print your agreement on the extrajudicial stamp. A stamp duty is decided according to the State and the capital contribution.
The bank will check whether the concluded agreement has been deposited or not, if the LLP agreement has been approved by the ROC bank, it can not refuse the opening of a bank account.