Change in LLP Agreement
Easily Change or amend the clause(s) of your LLP agreement
Know more about Change in LLP Agreement
The LLP Agreement witnesses various clauses related to all the matters of the LLP Administration, Rights and liability of Partners, Duties of Partners, Profit Sharing Ratio, Capital Contribution, Arbitration clause etc.
Partners can add the clauses related to internal rules and regulations, thus before taking decision – related to any matter one needs to check the LLP Agreement to make sure about any specific condition if any.
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Required Documents for Change in LLP Agreement
- LLP’s certificate of incorporation
- LLP agreement
Reasons that lead to change in LLP agreement
- Change in Capital Contribution
- Change in Profit sharing Ratio
- Change in any rights and Liability of Partners
- Change in Name of LLP
- Change in Address of LLP
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Change in LLP Agreement
Yes, any changes made will lead to an amendment in the LLP Agreement.
Stamp Duty payment depends on two factors, one is a state where it is executed and the second one is the amount of contribution involved if any.
LLP Agreement is not available on MCA Portal for downloading; hence it is not a public document.
On MCA approval, the changes will be effective from the date of execution of Agreement.
Any changes which are made and not informed are not effective in eyes of law and thus it is mandatory to file the supplementary Agreement with MCA.
The Late fees is Rs.100/- per day from the expiry of the due date.
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