Changes to LLP agreement-
For the modification in the LLP agreement you need to pass an appropriate board resolution and file Form 3 with the registrar within 30 days of such change.
Procedure-
- The partners must meet to pass a resolution for the required changes in the draft LLP agreement.
- Within 30 days of the passing of the resolution, Form-3 needs to be filed with the Registrar.
-
Form-4 needs to be filed with the Registrar (along with the Form-3), If the change in the LLP agreement format is due to the change in a partner(s) or designated partner(s) or In case of the appointment, cessation or change in designation/name/address of partner(s) or designated partner(s).
Documentations
The following documents are required to change an LLP agreement –
Documents to be enclosed with Form 3
- Original LLP Agreement
- Modified LLP agreement
- Supplementary Deed
- Resolution regarding the changes to be made, which is passed in a meeting by the LLP Partners
- Any supplementary forms or documents required as proof
Documents to be enclosed with Form 4
- Consents of each of the partners
- An affidavit or other proof of a change in name
- Evidence of cessation
- If any of the partners is a company, the copy of the resolution in this regard
- Copy of authorization/resolution mentioning the name & address of individuals(s) nominated as a representative of the partner/nominee
