CHANGE IN LLP AGREEMENT

What is Limited Liability Agreement?

Agreement of the Limited Liability Partnership (LLP) is its charter, similar to Memorandum of Association and Articles of Association of a company. In the agreement, nature of business activities, rights, duties, and obligations of partners are mentioned.

Procedure to change LLP Agreement-

1. A resolution needs to be passed to revise the LLP agreement.

2. LLP Form 3 is to be filed with the Registrar within 30 days of passing the resolution.

Documents required to change LLP Agreement-

1. Initial LLP agreement

2. Changed LLP agreement

3. DSC of any authorised partner