Stamp fee for partnership deed
naayaab parekh
(Querist) 27 December 2011
This query is : Resolved
RESPECTED SIR/MADAM,
I AM ENTERING INTO AN PARTNERSHIP BUSINESS WITH ONE LADY PARTNER AND THE PLACE OF BUSINESS IS JUINAGAR, NEW MUMBAI. THE INITIAL CAPITAL OF THE FIRM IS Rs.100,000/-.
MY QUESTION IS WHAT SHOULD BE VALUE OF THE STAMP PAPER OR FRANKING STAMP ON WHICH THE PARTNERSHIP DEED IS TO BE EXECUTED.
SECONDLY IS MARATHI TRANSLATION OF PARTNERSHIP DEED REQUIRED FOR REGISTERING FIRM WITH REGISTRAR OF FIRMS AND WHAT WILL BE THE FEES.
THIRDLY CAN I REGISTER MY FIRM BASED IN NAVI MUMBAI WITH BANDRA OFFICE OF ROF OR I HAVE TO REGISTER AT POONA.
ajay sethi
(Expert) 27 December 2011
In Maharashtra it is as per Bombay Stamp Act,
So far Capital contribution upto Rs. 50000 it is Rs. 500 increasing thereafter by Rs. 500 each for every increase in capital by Rs. 50,000. Maximum stamp Rs. 5000 in Maharashtra
check with registar of firms as to fees for registarion . under ection 58of indian Partnership act it is rs 300 plus rs 20 cpoying charges . however please confirmm from registrar of firms
New Adm. Bldg, 6th Floor, Near Chetana College, Bandra (E), Mumbai - 400 051. Tel: 2655 1944, 2655 1149. Cash Counter Timings: 10.30 A.M. to 3.30 P.M.
Nadeem Qureshi
(Expert) 27 December 2011
Dear Nayyab
in UP Rs. 750 stamp fee is reuired for partnership Deed
Deepak Nair
(Expert) 27 December 2011
Act as advised by Mr. Sethi
prabhakar singh
(Expert) 27 December 2011
Yes! act per guidance given by Mr.Sethi.
Rajesh kumar singh
(Expert) 28 December 2011
6) RELEVANT PROVISIONS OF THE BOMBAY STAMP ACT
Partnership Deed
For a capital contribution of Rs. 50,000/- or less
Rs. 500/-
For every additional capital of Rs. 50,000/- or part thereof
Rs. 500/-
Maximum stamp duty for any amount of capital
Rs. 5,000/-
For capital contributed in form of property
Same duty as on conveyance on market value of property
Dissolution Deed
Where property is transferred to a partner other than the one who brought it in.
Same duty as on conveyance on market value of property
In any other case
Rs. 200/-
7) CHECKLIST OF DOCUMENTS TO BE SUBMITTED FOR
Sr. No.
Registration of a firm
Admission and / or Retirement of a Partner and Dissolution of a Firm
1.
Application with Court Fee Stamp of Rs. 5
Application on Court Fee Stamp of Rs. 5
2.
Certified True Copy of Partnership Deed
Certified True Copy of the Deed
3.
Form A duly notarized
Form E duly notarized
4.
Certified True Copy of Marathi Translation
N. A.
5.
Stamp Paper of Rs. 10.
Stamp Paper of Rs. 10.
6.
Self Addressed Postage Paid Envelope
(Not Compulsory)
Self Addressed Postage Paid Envelope (Not Compulsory)
7.
Filing Fees Rs. 2200
Filing Fees Rs. 1200
Supplementary Deed is prepared where there is change in address of a firm or a change in share of profits among the partners, or change in remuneration to partners, interest on capital or opening and closing of branches etc. Supplementary Deeds are to be executed on a stamp paper of Rs. 200/-.
There is no need to submit the Deed of Partnership, if executed only for the purpose of change in Profit Sharing Ratio or Remuneration or Interest payable to partners, since these are not recorded by Registrar of Firms in the Entry on Record.
Any Supplementary Deed executed at the time of formation of partnership forms part of original deed and requires Marathi Translation as required in the case of main deed of partnership.
Marathi Translation of the partnership is required only at the time of registration.
