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    Change in LLP Agreement

    LLP Agreement is basically a Charter of LLP in which nature of business, rights and liabilities of the partners and relation of partners with each other and with the firm is mentioned. Thus, all the business operations of the LLP are governed through such LLP Agreement. After the Registration of LLP, sometimes several changes are required to be made in order to simplify the business operations or policy. Thus, LLP Agreement has to be altered to adopt such new changes. Section 23 of LLP Act, 2008 has prescribed a procedure for change in LLP Agreement. Such changes are essential for benefiting the LLP and the Partners.

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    Change in LLP Agreement @Rs. 2,000/-

    EVENT

    Change in LLP Agreement

    Form No.

    Form 3

    Time -Limit

    within 30 days from the date of such change

    Whether to be filed before ROC or Not?

    Yes

    Penalty for Non-Compliance

    If LLP and the designated partners fail to file Form 3 then, such LLP and designated partners shall be liable to pay fine which shall not be less than Rs. 2000 and which may extend up to Rs. 25000.

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    Frequently Asked Questions (FAQs)

    What is LLP Compliances?

    Limited Liability Partnership is governed by LLP Act, 2008. LLP Act has prescribed certain compliances which an LLP is required to fulfill otherwise it shall be liable to pay penalty for not observing these compliances.

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    What are the types of LLP Compliances?
    • Post Incorporation LLP Compliances
    • Mandatory Annual LLP Compliances
    • Event-Based LLP Compliances

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    What is Event-Based LLP Compliances?

    LLP Act has prescribed certain compliances which are to be fulfilled on the happening of certain events. These compliances are called as Event-Based LLP Compliances.

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    What are the Event-Based LLP Compliances?

    List of Event-Based LLP Compliances

    Events

    Form

    Due-Date

    Consent of Designated Partner and Particulars of Partners

    Form 4

    30 days from the date of such change
    Registration of Charges

    Form 8

    30 days from the end of 6 months of the financial year
    Change in Registered Office of LLP

    Form 15

    30 days from the date of such change
    Change in Name

    Form 5

    30 days from the date of such change
    Change in LLP Agreement

    Form 3

    30 days from the date of such change
    Change in Designated Partners

    Form 4

    30 days from the date of such change

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