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Your LLP Agreement
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Change in LLP Agreement
All you need to know
The Limited Liability Partnership (LLP) Agreement is the charter of the LLP, similar to the Memorandum of Association and Articles of Association for a private limited company. It defines the scope and extent of the LLP’s operations as well as the rights, duties, obligations of the partners. It specifies the contribution of each partner, the profit sharing and details of a closure of LLP. Altering the agreement is straightforward. All you need to do is pass a resolution approving the revision in the LLP Agreement.
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EbizFiling.com is a leading business platform providing comprehensive corporate legal services, including company incorporation, compliance, advisory, and management consultancy, both in India and internationally. The platform offers fast, easy, and affordable LLP Annual return filing, ITR filing, Strike off LLP, and trademark registration, Import Export Code Registration, You can contact with compliance manager at 09643203209 or email info@ebizfiling.com.
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ESSENTIAL
₹ 2299/-
(All Inclusive)
- Preparation of supplementary deed
- Change in LLP Agreement
How to Change LLP Agreement?
5 Easy Steps
1
Complete Simple Form
2
Submit Documents
3
Verification of Documents
4
Draft Agreement
5
Agreement Modification Registered
FAQs On LLP Agreement
Get answers to all your queries
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What is an LLP Agreement and why is it important?
An LLP Agreement is a legal document that outlines the rights, duties, and obligations of all partners in a Limited Liability Partnership. It acts as the foundation for how the LLP will be governed and helps avoid internal conflicts.
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When should an LLP Agreement be changed?
You must revise the LLP Agreement whenever there’s a change in business structure such as adding or removing a partner, changing profit-sharing ratios, or modifying business activities.
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Is it mandatory to file the revised LLP Agreement with MCA?
Yes, under Section 23 of the LLP Act, 2008, it is mandatory to file the revised LLP Agreement with the MCA using Form 3 within 30 days of the change.
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Which forms are required for changing the LLP Agreement?
Typically, Form 3 (for agreement changes) and Form 4 (if there’s a change in partner or their details) must be filed with MCA, depending on the nature of the change.
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What is the government fee for filing Form 3?
The government fee for Form 3 depends on the capital contribution of the LLP. For example, for LLPs with contribution up to ₹1 lakh, the fee is ₹50. The fee increases based on the capital slab.
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What happens if Form 3 is not filed within 30 days?
A delay in filing Form 3 leads to a late filing fee of ₹100 per day under MCA rules, with no upper limit, which can result in heavy penalties.
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Do all partners need to sign the revised LLP Agreement?
Yes, the revised LLP Agreement must be signed by all partners and must be executed on stamp paper as per the applicable state Stamp Act.
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Is it necessary to get the amended LLP Agreement notarized?
Yes, the revised agreement must be executed on stamp paper and duly notarized. Some states may require registration depending on their stamp rules.
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Can I change my LLP’s business activity through this process?
Yes, a change in business activity must be reflected in the LLP Agreement, and you must update Form 3 accordingly.
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Is professional help required for changing the LLP Agreement?
Due to legal compliance, document preparation, and filing with the MCA, it is recommended to consult professionals like EbizFiling to avoid rejection or penalties.
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Do we need to hold a meeting before changing the LLP Agreement?
Yes, a resolution must be passed by the partners approving the proposed change before updating the agreement.
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Can multiple changes be done in a single LLP Agreement modification?
Yes, you can include multiple changes like profit-sharing, name change, or address change—in a single revised LLP Agreement and file them together via Form 3.
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How long does it take to process the change of LLP Agreement?
Once the required forms are filed correctly, MCA usually processes the request within 7 to 10 working days.
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Is digital signature (DSC) required for filing Form 3?
Yes, DSC of a designated partner is mandatory to file Form 3 on the MCA portal.
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What supporting documents are needed to change the LLP Agreement?
You need:
Original LLP Agreement
Revised LLP Agreement
Partner resolution
Consent letters (if partner details are changing)
Stamp paper as per state rules -
What if there’s an error in the revised LLP Agreement submitted to MCA?
You will need to file a correction or re-submit the form through MCA with the corrected documents. MCA may reject the form until accurate documentation is provided.
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Can we change the LLP name and agreement at the same time?
Yes, but you must first reserve the new name using RUN-LLP, get approval, and then update the agreement to reflect the new name before filing Form 3.
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Do we need to inform any other authority apart from MCA?
If the change affects GST, PAN, bank records, or licenses, you must update those authorities as well after changing the LLP Agreement.
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Is there any penalty for incorrect or false information in Form 3?
Yes, providing false information can lead to penal action under the LLP Act, 2008, including fines or prosecution in serious cases.
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Can EbizFiling assist in drafting and filing the revised LLP Agreement?
Absolutely. EbizFiling offers end-to-end services from drafting your revised LLP Agreement to preparing documents and filing them with MCA—ensuring timely and error-free compliance.
