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Amend – LLP Agreement

Change LLP. With Changing Conditions.

*Subject To Change On Market Conditions

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An LLP agreement can be changed to fit the changing situations and events. Making amendments in an LLP agreement is very simple. Take the help of experts like us to amend your LLP agreement in accordance with the prescription of the Act.

  • Pass a resolution to revise the LLP agreement.
  • File Form 3 with the Registrar within 30 days of passing the resolution.

Advantages of Copyright Registration

01.

The date of amendment of the agreement

02.

Reason of amendment:

  • Change in business activity
  • Change in a partner(s)
  • Change in the partner’s contribution and percentage of profit sharing
  • Change in any other relevant details like
03.

Rights and duties of LLP partners

04.

Restrictions in the authority of LLP partners

05.

Management and administration of the LLP

  • Acts permitted with the consent of all the partners or consent of a specific number of partners only
  • The protocol of calling, holding and convening meetings
06.

Details of the indemnity clause

07.
Details of the agreement related to the Partners:
  • Admission
  • Retirement
  • Cessation
  • Expulsion
  • Resignation
 
08.
Resolution of any disputes between
  • The partners
  • The partner and the LLP
 
09.

Duration of the operation of LLP

 
10.
Voluntary winding up of the LLP
 
 
11.
Any other clauses related to the LLP agreement
 
 
 
12.
Details of business activities carried out after amendment
 
 
13.
Main division of industrial activity as per NIC-2004
 
 
 
12.
Details of the partners’ contribution in the LLP and the profit sharing ratio after amendment in the LLP agreement
  • Type of change (deletion or amendment)
  • Details of each partner with the DPIN or PAN, amount of capital contribution and the percentage of profit sharing
  • Total amount of contribution post changes in the agreement
 
 
 

Details Required in Form 3

  • Initial LLP agreement
  • Changed LLP agreement
  • Any other document(s)
 

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