Change In LLP Agreement

Limited Liability Partnership Agreement a written contract between the partners of the LLP or between the LLP and its designated partners which further is established because it has certain rights and duty of the designated partner towards the LLP and towards each other as well. 

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    Fit Solutions

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HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Changes to LLP Agreement

01

Step 2

Our Changes to LLP Agreement experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Changes to LLP Agreement

03

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LEGAL BITS YOU SHOULD KNOW

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Type of Changes in the LLP Agreement

  1. Change the name and activity of LLP
  2. Change the contribution, right, and duties of the LLP
  3. Amendment required in LLP Agreement
  4. Change in registered address, profit sharing ratio, contribution
  5. Winding up/shut down/dissolved/non-functioning of LLP

Reasons for changing an LLP Agreement:

  1. Changes in the Business Activities
  2. The Contribution of Capital is changed by partners in LLP-Addition or Reduction in Capital
  3. Changing the ratio of Capital Contribution amongst partners.
  4. The Management Structure of Capital is changed
  5. Changes in terms and conditions for addition, resignation, expulsion, or the retirement of the   partner involved in LLP
  6. Modification in Rights and Liabilities in LLP
  7. Changes of the clause in LLP

How to Apply

How can you make changes to the LLP Agreement?

In Respect of Change in name

  1. Fill Form 1 (Application for reservation or change of name): It is required to be filled for name approval.
  2. After the name gets approved, the applicant is required to file Form 5 (Notice for change of name) to intimate the registrar about the name change of LLP.

In respect of changes among designated partners or partners of LLP

  1. Such changes can be done by filing Form 4 (Notice of appointment, cessation, and change in name/ address/designation of a designated partner or partner and consent to become a partner/ designated partner) with Registrar.

In respect of Change in Registered Office

  1. Form 15 (Notice for change of place of registered office) is to be filled and intimation regarding the same must be done.

In respect of Changes in LLP Agreement

  1. File Form 3 (Information concerning Limited Liability Partnership Agreement and changes, if any, made therein). However, in case a change in the LLP agreement is due to a change in partners/ designated partner, Form 4 has to be filed along with Form3.

In case of any modification in respect of registered charges

  1. In case you want to register a charge or make modifications in registered charges or report repayment or satisfaction of registered charges, you need to file an appendix to Form 8 (Statement of Account & Solvency) (Interim).

In respect of change of Information on a foreign trip

  1. Fill Form 28 if there is a change or alteration in the incorporation document, Alteration in the registered or principal office, Alteration in the partner or designated partner if any outside India.
  2. Fill Form 29 if there is Alteration in the certificate of incorporation or registration, Alteration in the name or address of any of the persons authorized, Alteration in the principal place of business, Cessation of a foreign LLP.

How can legalo help you?

The above points are essentials and must be taken care of while making changes to an LLP Agreement. For any professional and legal assistance, contact us here to see how we can help you.