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Home › Services › Change in LLP Agreement

Change in LLP Agreement

Update your LLP agreement for any change in capital, partners, profit sharing or business activity, and file it with the MCA.

Overview

Update your LLP terms the right way

The LLP agreement sets out the rights, duties and profit sharing of the partners. Whenever there is a change, such as a new partner, a change in capital contribution, profit sharing ratio, business activity or the name of the LLP, the agreement must be updated.

The change is made through a supplementary agreement and must be filed with the Ministry of Corporate Affairs using Form 3, and Form 4 as well when partners are added or removed, usually within thirty days of the change.

Our experts draft the supplementary deed and complete the MCA filing for you.

Why It Helps

Key Benefits

⚖

Legal Update

Keep your LLP agreement valid and current.

🚫

Avoid Penalties

File within the deadline to avoid late fees.

📄

Clear Terms

Record new terms clearly to prevent disputes.

🔄

Smooth Operations

Keep operations aligned with the latest agreement.

✅

Compliance

Stay compliant with the LLP Act.

😊

Peace of Mind

We handle drafting and filing end to end.

Included

What Is Included

Drafting of the supplementary LLP agreement
Filing of Form 3 with the MCA
Filing of Form 4 for addition or removal of partners
Guidance on the applicable stamp duty
Updated agreement copy
Support until the change is registered

How It Works

Process

Consultation

We understand the change you want to make.

Draft Supplementary Deed

We prepare the supplementary LLP agreement.

Prepare Forms

We prepare Form 3 and Form 4 as required.

File with MCA

We file the forms with the MCA within the deadline.

FAQ

Frequently Asked Questions

When do I need to change my LLP agreement?

You need to update it for any change in partners, capital contribution, profit sharing ratio, business activity or the name of the LLP.

Which forms are filed for the change?

Form 3 is filed for changes in the agreement, and Form 4 is filed when partners are added or removed.

What is the time limit to file?

The change must generally be filed with the MCA within thirty days of the change to avoid penalties.

Is a supplementary agreement required?

Yes. A supplementary agreement records the change and is the basis for the MCA filing.

Ready to Update Your LLP Agreement?

Talk to our experts today. Your first consultation is free.