Limited Liability Partnership Agreement is a document that spells out the scope and extent of LLP’s permitted operations. It also defines the rights, duties, and obligations of the partners.
Revisions in LLP agreement become necessary while the LLP proposes to change its name or to revise the LLP’s capital contribution or to add new sections into the interest and right of partners or to change the profit distribution norms etc.
- Hold Board Meeting and pass necessary resolution for amendment of LLP Agreement.
- Execute Supplementary Agreement or Amended Agreement.
- File Form 3 with ROC within 30 days passing of resolution.
- Copy of Resolution.
- Copy of Supplementary Agreement or Amended Agreement.