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Limited Liability Partnership in India(LLP)


Venturing into a Company of your own could also lead to unimaginable and risky consequences, so there is a need to see things from a different perspective. The LLP is a type of legal entity that was introduced in India as a Limited Liability Partnership Act 2008. This kind of firm is one in which all the partners have limited liability. It also provides an opportunity for those who want to benefit themselves by having the advantages of both ‘Company’ and ‘Partnership’, both in one firm. 


How to make changes in the LLP?


The LLP Agreement is a Charter of the LLP which is similar to the Memorandum of Association and Articles of Association for a private limited Company. This charter tells us about the scope and the extent of the LLP's operation and also tells us about the rights, duties, and obligations of the partners of the firm.


Changing an LLP agreement is not difficult at all and one has to follow this pROCedure for changing the LLP Agreement.

A resolution has to be passed to revise the LLP Agreement

Then within 30 days of passing the resolution, the FORM 3 has to be filled with the Registrar. The details which have to be filled in FORM 3 are as follows:

  1. Change in business activities
  2. Change in a partner(s)
  3. Change in the partner’s contribution and percentage of profit sharing
  4. Other Important details such as:
  5. Rights and duties of partners
  6. Restrictions on the authority of partners
  7. Management and administration of LLP
  8. Details of the indemnity clause
  9. Duration of the LLP
  10. Voluntary winding up

Any other clauses related to the LLP agreement


3. The final step is the filling of FORM 4 for the change of partners or the designated partner if the change is because of them. The documents which are to be submitted along with it are:

Consent of the partner

Any proof for the change of name, such as an Affidavit. 

Copy of resolution or authorization letter with the name and address of the individual nominated mentioned. 


Note: If the changes are not filed then there is a penalty of Rs. 100/- per day is levied and there is no maximum limit.

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FAQ - Frequently asked questions

Why change an LLP Agreement?

There can be many reasons for the changing of the LLP Agreement after a new LLP registration. The reasons can be: 1. LLP’s business activities undergo a change after LLP firm registration. 2. Addition or Reduction in capital or capital contribution by a partner of the LLP 3. Change in any clause as mentioned in the LLP agreement 4. The ratio of capital provided by partners changes after you set up LLP 5. Change within the management of the LLP 6. Changes regarding the condition of adding, appointing, expelling, retirement or resignation of a partner 7. Change regarding the profit sharing between partners after setting up a LLP. 8. Modification of rights of partners in the LLP

What all documents are required to change an LLP Agreement?

1. Original LLP Agreement 2. Supplementary Deed 3. Resolution regarding the changes to be made, which is passed in a meeting by the LLP Partners 4. Any supplementary forms or documents required as proof

When will the changes in the LLP Agreement be effective?

Supplementary LLP Agreement will become effective only after it is approved by the MCA. As soon as the government body approves the new LLP agreement, all the changes stated in it become effective as the date of execution changes automatically

Is it mandatory to file the LLP Agreement

Yes it mandatory to execute and file LLP Agreement

Is it necessary to intimate to the registrar about change in the agreement


Within how many days form must be filed

Within 30 days from the date of the change.