By Which stamp paper is required for partnership deed in Maharashtra?
Required Documents Certified copy of Marathi Translation Partnership Deed. Rs. 10 blank stamp paper. An authority letter signed by firm partners.
What is the value of stamp paper for partnership deed in Maharashtra?
Rs 500
Stamp Duty Value on Stamp Paper for Partnership Deed In Maharashtra. Where there is no share of contribution in partnership, or where such share contribution brought in by way of cash does not exceed 50,000. partnership deed stamp paper value Will be Rs 500.
What amount of stamp paper is required for partnership deed?
Rs. 200
An important document in the above mentioned documents is a Partnership Deed. This deed, notarized on a Non-Judicial Stamp paper with minimum value of Rs. 200 or more and signed by all partners, is ‘THE’ charter or blueprint of the firm.
Is E stamp paper valid in Maharashtra?
e-SBTR issued by the authorised participating bank, can be used as a impressed stamp under the said Act, for instruments which are compulsory or optional to be registered under the Registration Act, 1908. Along with Stamp Duty, Registration Fee and other charges may also be paid.
Is it compulsory to register partnership firm in Maharashtra?
Registering a partnership firm is not compulsory under the Indian Partnership Act, 1932 but only Maharashtra has made their registration compulsory. Further, a partnership firm can be registered at any point in time i.e. even several years after formation.
Is there any stamp duty for partnership deed?
Stamp duty on partnership deed The stamp duty on partnership deeds has to be paid under Section 46 of the Indian Stamp Act, 1899. The minimum stamp duty in Mumbai, payable on a partnership deed is Rs 500. In Bengaluru, Rs 500 must be paid as the stamp duty, if the capital of the firm exceeds Rs 500.
What is the stamp duty for partnership deed?
Stamp duty on partnership deed In Delhi, the minimum stamp duty payable on a partnership deed is Rs 200. The minimum stamp duty in Mumbai, payable on a partnership deed is Rs 500. In Bengaluru, Rs 500 must be paid as the stamp duty, if the capital of the firm exceeds Rs 500.
Is it compulsory to notarize partnership deed?
Indian Partnership Act, 1932 Section 18 states that a partner is an agent for doing the business of the firm and the partnership firm will not be treated as legal entity. Hence, a firm which has entered into notarized partnership deed have no legal status for any proceedings.
Is agreement on stamp paper valid?
As discussed above, agreements put on an old stamp paper are valid. Section 54 does not compel a person to use a stamp paper within six months of purchase. Therefore, refund of an old stamp paper cannot be taken after six months, but there is no restriction for its use.
What is the validity period of stamp paper?
Section 54 of the Act provides that a person possessing a stamp paper for which he has no immediate use can seek refund of the value by surrendering it to the collector within six months of purchasing it. This validity is only for the purpose of seeking refund of unused stamp paper and not for using it.
Is it compulsory to register partnership deed?
Partnership registration is not compulsory and is at the discretion of the partners whether they want to register the partnership firm or not. But a partnership firm cannot avail legal benefits if it is not registered, hence it is always advisable to register it.
Is notary required for partnership deed?
The partnership deed should be prepared and duly notarized by a notary in India. The deed must define one partner as the managing partner who has been authorized to sign on behalf of the firm. The date of partnership being formed should be mentioned. The address of the firm should be mentioned in the partnership deed.
What is the stamp duty for partnership deed in India?
The stamp duty on partnership deeds has to be paid under Section 46 of the Indian Stamp Act, 1899. Even though stamp duty charges differ across states, the deed has to be notarised on a non-judicial stamp paper with a minimum value of Rs 200 or more.
How is stamp duty levied in partnership firm registration in Maharashtra?
The stamp duty in Maharashtra and the selection of stamp paper for partnership firm registration depends on the fixed capital of the firm. When share contribution also includes property: Stamp Duty is levied as per clause (a), (b) or (c), of Article 25 of the Maharashtra Stamp Act.
How to register a partnership deed in Maharashtra?
Therefore, here’s a quick look at the process of partnership firm registration in Maharashtra; First and foremost, go to the official website of the Registrar of Firms, via this link. 2. Create a new user ID and profile for yourself. 3. Choose your status from between Advocate and Individual.
When does a deed of partnership need to be dated?
The stamp paper which is used for execution of Deed of Partnership should be dated within 6 months of the date of issue of such stamp paper. This provision is effective from 1-12-1989.