Change in LLP Agreement

Change in LLP Agreement refers to the process of modifying the terms and conditions of a Limited Liability Partnership (LLP) agreement. An LLP agreement outlines the rules and regulations governing the internal management of an LLP, such as the rights and duties of partners, profit sharing arrangements, decision-making processes, and dispute resolution mechanisms.The Limited Liability Partnership (LLP) Agreement is the most important document of the LLP, similar to the Memorandum of Association and Articles of Association for a private limited company.
0 +
Businesses Served
0 +
Years Experience
0 /5
Google Rating

Get Started

Mayank Wadhera

Expert in Change in LLP Agreement

Best Compliance Firm For Your Company

Free Legal Advice

Experts Team

On-Time Delivery

Overview of Change in LLP Agreement

The Limited Liability Partnership (LLP) Agreement is the most important document of the LLP, similar to the Memorandum of Association and Articles of Association for a private limited company. It defines the scope and extent of the LLP’s operations as well as the rights, duties, obligations of the partners. An LLP Agreement is of much importance as it carries information regarding the partners, capital contribution, profit sharing ratio, board meetings, protocols for dispute resolution, closure of the firm, etc. There may be situations that necessitate the change in LLP Agreement like a change of business activities of LLP, change in capital contribution, addition or deletion of any partner, etc.

To change the LLP Agreement, you have to pass a resolution approving the revision in the LLP Agreement. The second step is to file Form 3 with the Registrar within 30 days of the amendment in the agreement. However, in case a change in LLP agreement is due to change in partners/ designated partner, Form 4 has to be filed along with Form 3. Following documents must be attached with Form 3:

• Original LLP Agreement
• Supplementary/changed LLP Agreement
• The resolution passed by the partners
• Any other documents as required by MCA.

Advantages of Change in LLP Agreement

  1. The Contribution of Capital is changed by partners in LLP
  2. The changing of terms and conditions for addition, resignation, expulsion or the retirement of the partner involved in LLP
  3. The business activity, rights and liabilities are modified in LLP

Registration Process

Step 1: Passing of Resolution: The partners must meet to pass a resolution for the required changes in the LLP Agreement for according consent of all the partners & authorize a designated partner for fulfilling all the requirements of MCA for effecting change in the LLP Agreement.

Step 2: Execution of Supplementary/Changed LLP Agreement: A supplementary/changed LLP agreement must be entered into by way of payment of stamp duty as applicable. The same must be attached to form 3 for its approval with Registrar.

Step 3: Filing of Requisite Form: A form must be filed within 30 days of the passing of the resolution with the Registrar which is duly signed by the authorized personnel.

Step 4: Change in LLP Agreement: Once you submit the required form with the Registrar. Then the Registrar will verify the submitted form and the necessary changes will be made effective from the date of its approval.

Required Documents

  • Consent of the partner and proof of cessation
  • Affidavit or any proof of change of name
  • Copy of resolution of the company and authorization letter mentioning name and address of individual nominated as partners of the company

FAQ's Change in LLP Agreement :-

No, the LLP agreement is not mandatory for all LLPs. However, certain provisions will automatically apply in the absence of an LLP agreement.
There is no standard format of an LLP agreement that fits all types of LLPs. Every LLP agreement is unique, although certain types of clauses of the agreement may remain similar in all LLP agreement.
There is no limit to the number of times an LLP agreement can be amended.
The legal minimum is 2 partners to execute an LLP agreement. However, if a large number of partners exist, it would be advisable to incorporate the company with 2 partners and add more partners post-incorporation.

Get Started

1. Application

Fill out the application form & other details.

2. Payment

Make the payment through online mode.

3. Process

We will process your application.

4. Confirmation

A mail will be send on completion.

Why People Choose Our Services ?

Free Legal Advice

We provide free of cost consultation and legal advice to our clients.

Tech Driven Platform

All our services are online no need you to travel from your place to get our services.

Grow your business

Experts Team

We are a team of more than 15+ professionals with 11 years of experience.

Transparent pricing

There are no hidden & extra charges* other than the quote/invoice we provide.

100 % Client Satisfaction

We aim that all our customers are fully satisfied with our services.

On-Time Delivery

We value your time and we promise all our services are delivered on time.

Why Trust legal Suvidha?

People Who loved our services and what they feel.

In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.

Reno K Subramaniam
Reno K Subramaniam
I have recently registered a Private Limited firm and was looking for a CA to take care of the filings, Startup India Certificate, and other formalities. I have received emails from legal Suvidha and a few others. I tried talking to them all. But, Mr. Mayank from Legal Suvidha was very impressive and was patient enough, prompt to answer all the queries. He has a very professional team and after the initial formalities, I started interacting with the team. It's not even 2 weeks but I really feel overwhelmed by their service and professionalism. I received my startup India certificate yesterday and my filings have been done promptly. The team at legal suvidha Ms. Nidhi, Ms. Priyanka, Ms. Koshika, and Ms. Saloni all show the same professionalism and are readily available to take care of the official filings and stuff. Overall a great experience till now and looking forward to a great journey!
pankaj tiwari
pankaj tiwari
Legal suvidha is a team of genuine and experienced professionals who give you best services according to your profile
Raman Krishnan
Raman Krishnan
Saloni from legalsuvidha has done a excellent job for filling and geting certificate of DPIIT. Thanks to legalsuvidha.
Prakaash Hari
Prakaash Hari
Team Legal Suvidha offers a brilliant service. There communication is quite clear and they execute the job meticulously. We are a startup private limited company and their advice is so critical in making my decision. Well done team. Keep it up. Prakaash Hari, Director, ipixela.
Priyanka Rudra
Priyanka Rudra
Dedicated team and fast response
Dr. Vishal Ghag
Dr. Vishal Ghag
Been using their services since 3 years now and I am absolutely happy with Legal Suvidha. They have been supportive, understanding and highly skilled at helping me with my business needs.

Stay Updated With Our Blogs!

Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.

Contact us and grow your business
Legal Suvidha App

Now all Professional Services in a Single Click !

Now get all the services required for your business in a single app.

Subscribe to our newsletter & grow your business

Subscribe To Our Newsletter .

Sign up to receive email updates on new product announcements, special promotions, sales & more.