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Change LLP Agreement

LLP Deed is a constitutional document of LLP. The mutual rights and duties of partners inter se and those of the LLP and its partners shall be governed by the agreement between partners or between the LLP and the partners.

LLP agreement may be amended by the partners of LLP through the execution of a supplementary deed and further filing of same to the Registrar in form 3. However, change in LLP agreement by virtue of Resignation, retirement or Appointment of partner is required to intimated to the Registrar in Form 4.

Circumstances require change in LLP Agreement

 The shift in the Corporate Practices of the LLP.

 To make change in any Terms of the LLP Arrangement.

 Change in the Capital Contribution of the LLP partners.

 Reduction of LLP Capital.

 To change in the Capital Ratio introduced by the Partner (s).

 The Change in LLP Control System.

 Appointment of a New Partner.

 The nomination of New Partner.

 Modification of any Rights and Duties of the LLP Partner.

 Change in Profit sharing ratio.

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Documents require to change in LLP Agreement:

 DSC of one of authorized partner to be provided.

 LLP Agreement (Along with supplementary deed).

 Certificate of Incorporation of LLP to be provided.

 Copy of PAN card of the LLP to be provided.

Process for Change in LLP Agreement:

1) Preliminary Requirement

 Provide basic details & documents

 Make payment through our secured payment gateways

2) Execution and Drafting

 Drafting of necessary resolutions and documents

 Drafting of Supplementary Deed

 Payment of stamp duty on deed

3) Filing

 Filing application with MCA

All it takes is 8-10 working days*

*Subject to Government processing time

Procedure to modify LLP Agreement:

Day 1:

 Collection and Collation of basic Information & documents

Day 2 - 4:

 Preparation of necessary documents

 Drafting of Supplementary LLP Agreement

 Payment of stamp duty on deed

Day 5 - 6:

 Filing LLP Form 3 and necessary documents with MCA

Government processing time