Change in LLP Agreement
Make Changes to LLP agreement or partners without any hassle with ExpertPoint’s easy procedures. Experience a simplified journey to enact changes in your LLP agreement online in Chennai. Our expertise extends across India, making it easy for you to modify your LLP agreement efficiently.
Just onboard with us and relax. Our experts will handle end to end process and provide you with timely updates.Trust us to guide you through the process, ensuring a seamless transition and compliance with ease. Elevate your LLP’s operational flexibility today.
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Amend Your LLP Agreement or Change Partners
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Learn more about Change in LLP Agreement / Partners
The Limited Liability Partnership (LLP) Agreement is the charter of a Limited Liability Partnership company. It defines the scope and extent of the LLP’s operations as well as the rights, duties, obligations of the partners. It is a simple process wherein a resolution is passed by the partners approving the revision in the LLP agreement. Once the resolution is passed, Form 3 has to be filed with the Registrar within 30 days of the amendment in the agreement.
If there are changes in partners like retirement or addition of a partner, supplementary deed shall be executed and filed with ROC via Form 3 along with Form 4. Simplify the process of amending your LLP agreement online in Chennai, with our dedicated services that extend throughout India. We specialize in facilitating seamless modifications to your LLP agreement, ensuring compliance and efficiency. Trust us to navigate the intricacies, making the transition hassle-free and accommodating. Elevate your LLP’s adaptability and operational ease today.
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The following documents are required to change an LLP agreement and subsequent filing of Form 3
- Original LLP Agreement
- Modified LLP agreement (or) Supplementary Deed
- Resolution regarding the changes to be made, passed in a meeting by the Partners of the LLP
Timelines and next steps
The step by step process of changing the format of LLP agreement is as follows-
Partners to Pass resolution
The partners must meet to pass a resolution for the required changes in the draft LLP agreement. This may be to change capital contribution, for example.
File Form 3
Within 30 days of the passing of the resolution, Form-3 needs to be filed with the Registrar.
The details to be submitted in Form 3 are as follows:
- Date of LLP agreement modification
- Reason of the modification in the LLP agreement sample– whether it is due to:
- Change in a partner(s)
- Change in business activities
- Change in contribution and profit sharing percentage of any of the partners
- Any other change in matters
File Form 4 in case of change in partners
If the change in the LLP agreement format is due to the change in a partner(s) or designated partner(s), Form 4 has to be filed along with Form 3. However, if the changes are due to other reasons, filing Form 3 would suffice.
DPIN will be mandatory if a new designated partner is appointed. Corresponding forms have to filed with ROC and DSC has to be applied.