Change LLP Agreement
A Limited Liability Partnership (LLP) is a partnership in which partners have limited liality.LLP Agreement is a legal document which defines scope and objectives of LLP along with rights , obligations and duties of partners. Making alterations is uncomplicated procedures. A resolution is required to pass for approving the changes in agreement. The change in LLP is initiated by filling Form 3 with Registrar within 30 days of amendment in agreement. If there is change in partners then Form 4 is required to file along with Form 3.
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Procedure for Changing LLP Agreement
3 working days for making changes
For making changes in LLP agreement, partners are required to pass resolution. In case of increase in capital contribution, additional fees for the increased capital have to be paid to registrar.
4 working days for filling Form-3
The changes in LLP agreement must be initiated by Filling Form 3 with the registrar. Form 3 can be filled within 30 days of the passing of the resolution.