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Change LLP Agreement

With an amending resolution and a Form 3, can alter an LLP agreement.

@ 2500/-

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Required Documents

  • DSC of one of authorised partner to be provided
  • An agreement to be provided including the amendments, if any
  • Certificate of Incorporation and PAN Card of LLP to be provided

CHANGE OF LLP AGREEMENT

PROCESS OF CHANGE OF LLP AGREEMENT

01
Drafting of necessary resolutions & documents
A resolution must be passed stating the amendment in the LLP agreement.
02
Drafting of Supplementary LLP Agreement
Drafting of Supplementary LLP Agreement.Provide documents prepared after signature.Payment of stamp duty on Agreement
03
Form Filing
Filing LLP Form 3 and necessary documents with MCA
04
Verifies and Approval
The Registrar verifies the submitted form and approves the same.
Reasons for change in LLP Agreement
Change Business Activity

An LLP cannot undertake the activities that are not included in the agreement. Hence, if you want to change the activities modification of the agreement is must task. The activities can be changed by ... View More

Change capital and profit sharing ratio

Capital is the most crucial need of the business that requires to be increased with passing time and growth of a business. Capital sharing ratio and profit (loss) sharing ratio are interlinked from th... View More

Change rights and responsibilities of partners

Partners and their status being intact, the rights and responsibilities of the partners can be changed as per their roles and requirements. Administrating powers or restriction on few activities and s... View More

Change other clauses

Other important clauses, such as jurisdiction of LLP, terms of resignation, notice period, conditions of appointment and removal, change in the duration of the partnership, etc. can be changed as per ... View More

FAQs
When is the supplementary deed required to be filed?

Once the deed is executed by the partners, it must be filed with MCA for its approval. It is filed within 30 days of execution or the effective date, whichever falls earlier.

Do I see the amended LLP agreement on portal?

No, LLP Agreement is not a public document and therefore it is not accessible through portal. However, change of capital and name is reflected on portal.

How can I change my Business Activities through LLP Agreement?

Where the change of business activity arises, consent of Partners through passing resolutions will be required which shall be followed by entering into Supplementary Agreement to Limited Liability Partnership Agreement of the LLP.

How can I change the name of Limited Liability Partnership?

The Name Change of LLP can be effective by executing a supplementary agreement. First, an application for reservation of name shall be filed, which shall be followed by a procedure to change Limited Liability Partnership agreement.

When will the changes in LLP Agreement be effective?

The changes in LLP Agreement shall be effective since the date of execution or effective date, however only after receipt of approval from Registrar for the application made in concerned form.

How is the supplementary agreement executed?

How is the supplementary agreement executed? Once the deed is prepared by the professionals and confirmed by the partners, appropriate stamp duty must be paid on the agreement. Further, all the partners and designated partners must put their signature reflecting their approval for the change. A deed should be notarized if required.

What is the amount of stamp duty payable?

The amount of stamp duty shall be payable based on the capital contribution involved in the change of LLP Agreement. The rates of stamp duty vary from state to state. Where the change of Agreement does not involve capital contribution, the Supplementary Deed to LLP Agreement shall be executed on payment of Rs 100/- towards stamp duty (included in package cost). The stamp duty in addition to Rs 100/- is payable separately.