Kaagazaat

LLP Agreement

At a glance

Price: ₹1,499 · GST included
Stamp duty: Chargeable under the article for an LLP Agreement in the applicable Stamp Act schedule — Punjab has separately notified a rate for an LLP agreement, commonly banded by the contribution stated in this Agreement; where no separate article has been notified for a jurisdiction, the instrument-of-partnership article is applied to it by analogy.
Registration: Not registrable under the Registration Act, 1908, unless it operates to transfer or extinguish a Partner's separate rights in immovable property worth more than one hundred rupees — uncommon for an LLP agreement, since contribution is usually monetary.
Witnesses: Not legally required for an agreement of this kind.

₹1,499

GST included

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Also called

Limited Liability Partnership Agreement
LLP Deed
Deed of LLP Agreement
LLP Partners Agreement
LLP Samjhauta
ਐਲ.ਐਲ.ਪੀ. ਸਮਝੌਤਾ
एल.एल.पी. करार
Limited Liability Partnership Deed

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

Why you need it

When you need it

Two or more people who have incorporated, or are about to incorporate, a Limited Liability Partnership in Punjab or Chandigarh, and need the written agreement between the Partners that section 23 of the Limited Liability Partnership Act, 2008 requires — contribution, profit sharing, who manages, who may bind the LLP, and what happens when a Partner ceases to be one. This agreement is filed with the Registrar of Companies as LLP Form 3 within thirty days of incorporation, or of any change to it. Not for: a partnership firm without limited liability (use the Partnership Deed instead); a company (use the appropriate company document); or the incorporation itself, which is a separate filing (FiLLiP) with the Registrar of Companies that this document does not replace.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Chargeable under the article for an LLP Agreement in the applicable Stamp Act schedule — Punjab has separately notified a rate for an LLP agreement, commonly banded by the contribution stated in this Agreement; where no separate article has been notified for a jurisdiction, the instrument-of-partnership article is applied to it by analogy. PUNJAB: confirm the current article and figure with the Sub-Registrar or against the Department of Revenue, Rehabilitation and Disaster Management's published table at revenue.punjab.gov.in before the stamp is bought. CHANDIGARH: confirm the current article and figure against the Chandigarh Administration's Rates of Stamp Duty & Registration Fees table at revenue.chd.gov.in, or at the Sub-Registrar's office, 30 Bays Building, before the stamp is bought. BOTH: e-stamp before execution. Any later supplementary agreement changing contribution, profit sharing or Partners is a fresh instrument and separately chargeable.

Registration

Not registrable under the Registration Act, 1908, unless it operates to transfer or extinguish a Partner's separate rights in immovable property worth more than one hundred rupees — uncommon for an LLP agreement, since contribution is usually monetary. What IS compulsory is filing with the Registrar of Companies: under section 23(2) of the Limited Liability Partnership Act, 2008 read with the LLP Rules, 2009, the information in this Agreement (or, if none is executed, the default provisions of the First Schedule to that Act) must be filed electronically in LLP Form 3 within thirty days of incorporation, and any change to it filed in Form 3 (and, for a change in Partners, Form 4) within thirty days of the change, each attracting additional fees for delay under section 69. The Registrar of Companies for Punjab and Chandigarh is, at present, the Registrar of Companies, Chandigarh, which also covers Himachal Pradesh — confirm current jurisdiction on the MCA portal at mca.gov.in before filing, since RoC jurisdictions are occasionally realigned by notification.

Notarisation

Not required by law. If a Partner signs outside India, or executes through a power of attorney, that power needs authentication under section 33 of the Registration Act, 1908 — by a notary and consular officer abroad, or a magistrate in India — before it is relied on to sign this Agreement.

Witnesses

Not legally required for an agreement of this kind. Two witnesses are optional and not asked for by this template; add them if the Partners want the extra evidentiary comfort.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

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LLP AGREEMENT

This LLP Agreement (this "Agreement") is made at Chandigarh on 2 April 2026.

BETWEEN THE PARTNERS OF

Northline Analytics LLP, LLPIN AAT-1234, having its registered office at Plot No. 8, Phase 8-B, Industrial Area, S.A.S. Nagar (Mohali) 160055 (the "LLP"),

Rohit Nair, son/daughter/wife of Suresh Nair, of House No. 1204, Sector 33-C, Chandigarh 160020, PAN AAECN5678L, DIN/DPIN 07445120 ("First Partner");

Kavita Bansal, son/daughter/wife of Rajesh Bansal, of Shop No. 22, Sector 22-C, Chandigarh 160022, PAN AFRPB2212K, DIN/DPIN 03987412 ("Second Partner");

and the additional Partners named in the Schedule to this Agreement;

together the "Partners", each a "Partner".

RECITALS

A. The LLP was incorporated on 1 April 2026 under the Limited Liability Partnership Act, 2008.

B. The Partners have agreed to record the terms on which the business of the LLP is carried on, as required by section 23 of that Act.

NOW THIS AGREEMENT WITNESSES AS FOLLOWS.

NAME, REGISTERED OFFICE AND BUSINESS

1.1 The LLP shall carry on business under the name "Northline Analytics LLP", or such other name as the Partners may agree and as the Registrar of Companies may approve.

1.2 The registered office of the LLP is Plot No. 8, Phase 8-B, Industrial Area, S.A.S. Nagar (Mohali) 160055, and shall not be changed except by the consent required by clause 12 and the filing this requires with the Registrar of Companies.

1.3 The business of the LLP is: Providing data analytics and business process consulting services.. The Partners may extend or change that business only with the consent required by clause 12.

DESIGNATED PARTNERS

2.1 The Designated Partners of the LLP are: Rohit Nair, DIN 07445120; Kavita Bansal, DIN 03987412. Each Designated Partner is responsible for doing all acts, matters and things required for compliance with the Limited Liability Partnership Act, 2008, and is liable to the penalties that Act imposes for default, in addition to the LLP's own liability.

DURATION

3.1 The LLP has perpetual succession under section 3 of the Limited Liability Partnership Act, 2008. It continues regardless of any change in the Partners, and this Agreement continues to govern the Partners for so long as the LLP exists, as amended from time to time under clause 12.

CONTRIBUTION

4.1 The Partners shall contribute to the LLP as follows: Monetary contribution alone, in the amounts stated below

4.3 The First Partner contributes ₹5,00,000 (Rupees Five Lakh only). The Second Partner contributes ₹5,00,000 (Rupees Five Lakh only).

4.4 The additional Partners contribute as stated in the Schedule to this Agreement: Faisal Sheikh: Rs 2,50,000

4.5 A Partner's contribution account shall be credited with the contribution made and debited with any sum withdrawn from it with the consent required by clause 12.

CURRENT ACCOUNTS AND DRAWINGS

5.1 A separate current account shall be maintained for each Partner, credited with that Partner's share of profit and debited with remuneration, if any, and drawings. No Partner shall draw from the LLP beyond that Partner's credit balance without the consent required by clause 12.

PROFIT AND LOSS SHARING, AND INTEREST ON CONTRIBUTION

6.1 The net profits and losses of the LLP, after interest on contribution and remuneration to Partners as stated below, shall be divided and borne by the Partners in proportion to each Partner's contribution stated in this Agreement.

What this document is for

Two or more people who have set up, or are about to set up, a Limited Liability Partnership in Punjab or Chandigarh use this to record what section 23 of the Limited Liability Partnership Act, 2008 requires but does not itself supply in writing — who contributes what, how profits and losses are shared, who manages the LLP day to day and who can bind it, and what happens when a Partner exits.

It is filed with the Registrar of Companies as LLP Form 3 within thirty days of incorporation, or of any later change. The LLP exists as a body corporate whether or not this Agreement is ever signed, but without it the default rules in the First Schedule to that Act govern the Partners instead, which is rarely what a founding team actually wants.

Before you use this — filing it is compulsory, in a way registering a partnership firm is not

An ordinary partnership firm can go unregistered with the Registrar of Firms indefinitely — the only cost is that it, and its partners, cannot sue to enforce most contractual rights. An LLP Agreement is different: section 23(2) of the Limited Liability Partnership Act, 2008 makes filing it as Form 3 compulsory within thirty days of incorporation, and every later change compulsory to refile within thirty days of the change, each attracting its own additional fee for delay under section 69. There is no version of simply not getting around to it.

Stamp paper and registration

Stamp paper needed

Yes

Typical stamp duty — Punjab

Ask us — Punjab has, on this Agreement's own drafting note, separately notified a rate for an LLP agreement specifically — commonly banded by the amount of contribution stated in it — rather than the general agreement article. The current band and figure are not fixed in a dated table this template could cite. Confirm with the Sub-Registrar or against the Department of Revenue, Rehabilitation and Disaster Management's published table before the stamp is bought.

Typical stamp duty — Chandigarh

Ask us — Chandigarh has no separately notified LLP-agreement article, so the instrument-of-partnership rate is applied by analogy — but the current figure under that rate is likewise not fixed in a dated table this template could cite. Confirm at the Sub-Registrar's office, 30 Bays Building, before the stamp is bought.

Registration at the Sub-Registrar

No — Not registrable under the Registration Act, 1908 in the ordinary case, since contribution is usually monetary. What IS compulsory instead is filing with the Registrar of Companies: this Agreement (or the First Schedule's default terms, if none is executed) goes in as LLP Form 3 within thirty days of incorporation, and any change in the Partners additionally as Form 4.

Notary or witnesses

Not required by law. Two witnesses are optional and not asked for by this template. If a Partner signs from outside India, or through a power of attorney, that power itself needs authentication under section 33 of the Registration Act, 1908 before it can be used to sign this Agreement.

What you will need before you start

The LLP's name, LLPIN, registered office and the business it actually carries on
Every Partner's identity, address and PAN, and which of them are Designated Partners with a DIN or DPIN
What each Partner is contributing, and its valuation if any of it is property rather than money
How profits and losses are to be shared between the Partners, and whether any of them draw remuneration
Who manages the LLP's business day to day, and how the LLP's bank account is operated
The notice period and settlement basis for a Partner who exits, and whether a restraint on competing afterwards applies

Common mistakes

Treating LLP Form 3 filing as optional the way Registrar of Firms registration is for an ordinary partnership — it is compulsory, with its own late fee for missing the thirty-day window.
Leaving a non-monetary contribution unvalued by a qualified valuer, when Rule 23(2) of the Limited Liability Partnership Rules, 2009 requires one for anything other than cash.
Assuming a flat stamp-duty percentage applies without checking whether Punjab's separately notified, contribution-banded LLP rate, or the general agreement article, is the one that actually governs.

Questions people ask before using this document

Do we have to file the LLP Agreement with the Registrar of Companies?

Yes — this is not optional the way registering an ordinary partnership firm is. Section 23(2) of the Limited Liability Partnership Act, 2008 requires this Agreement to be filed electronically as LLP Form 3 within thirty days of incorporation, and any later change filed the same way within thirty days of the change, with an additional fee for delay under section 69.

What happens if the Partners never actually sign an LLP Agreement?

The LLP still exists — incorporation, not this Agreement, is what creates it. But without an agreement of its own, the default provisions in the First Schedule to the Limited Liability Partnership Act, 2008 govern the Partners instead, on terms the Partners themselves never actually chose. Most founding teams prefer to fix their own terms rather than fall back on that default.

How much stamp duty does an LLP Agreement attract in Punjab and Chandigarh?

Punjab has separately notified its own LLP-agreement rate, commonly banded by the contribution amount; Chandigarh applies the partnership-instrument rate by analogy instead. Neither figure is fixed in a table current enough to quote here — confirm the applicable band and rate with the Sub-Registrar before buying the stamp.

Is a Partner personally liable for the LLP's debts?

Generally no. Section 28 of the Limited Liability Partnership Act, 2008 limits a Partner's liability to the contribution agreed in this Agreement. That protection does not cover a Partner's own wrongful act or omission, and section 30 removes it entirely for an LLP or a Partner who acts with intent to defraud.

Can a Partner who leaves be restrained from competing with the LLP afterwards?

A reasonable restraint can be included, by analogy with section 36(2) of the Indian Partnership Act, 1932, treated as an exception to the general rule against restraint of trade. It has to stay narrow — limited to the period and area actually needed to protect the LLP's goodwill — or a court may simply refuse to enforce it rather than narrow it down.

Partnership Deed
For an ordinary partnership without limited liability instead — the simpler structure this Agreement's own drafting points to where limited liability is not what the partners actually need.
Founders' Agreement
For fixing equity, vesting and roles between the people behind the LLP personally, alongside this Agreement rather than instead of it.
Non-Disclosure Agreement (NDA)
Before sharing sensitive business information with a prospective Partner or investor, ahead of finalising this Agreement.
Board Resolution for Bank Account and Authorised Signatory
For the separate authority letter a bank typically wants, naming who may actually operate the LLP's account, which this Agreement records a policy for but does not itself supply.
Memorandum of Understanding (General Business)
To record an intention to work together before the LLP itself is incorporated and this fuller Agreement is ready to sign.

Questions about this document

Does the LLP Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

PUNJAB: confirm the current article and figure with the Sub-Registrar or against the Department of Revenue, Rehabilitation and Disaster Management's published table at revenue.punjab.gov.in before the stamp is bought.

CHANDIGARH: confirm the current article and figure against the Chandigarh Administration's Rates of Stamp Duty & Registration Fees table at revenue.chd.gov.in, or at the Sub-Registrar's office, 30 Bays Building, before the stamp is bought.

BOTH: e-stamp before execution. Any later supplementary agreement changing contribution, profit sharing or Partners is a fresh instrument and separately chargeable.

Does the LLP Agreement need registration in Punjab and Chandigarh?

What IS compulsory is filing with the Registrar of Companies: under section 23(2) of the Limited Liability Partnership Act, 2008 read with the LLP Rules, 2009, the information in this Agreement (or, if none is executed, the default provisions of the First Schedule to that Act) must be filed electronically in LLP Form 3 within thirty days of incorporation, and any change to it filed in Form 3 (and, for a change in Partners, Form 4) within thirty days of the change, each attracting additional fees for delay under section 69. The Registrar of Companies for Punjab and Chandigarh is, at present, the Registrar of Companies, Chandigarh, which also covers Himachal Pradesh — confirm current jurisdiction on the MCA portal at mca.gov.in before filing, since RoC jurisdictions are occasionally realigned by notification.

What does the LLP Agreement cost on Kaagazaat?

₹1,499, GST included.