With Vakilsearch you can change your LLP Agreement easily and quickly. You can go for a change in LLP name, activities of LLP, change in contribution, and other changes like voting rights, decision making, etc.
The Limited Liability Partnership (LLP) Agreement is the charter of a Limited Liability Partnership company, 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. Altering the agreement is straightforward. All you need to do is pass a resolution approving the revision in the LLP agreement. The second step is to file Form 3 with the Registrar within 30 days of the amendment in the agreement.
The step by step process of changing the format of LLP agreement is as follows-
The partners must meet to pass a resolution for the required changes in the draft LLP agreement. This may be to change capital contribution, for example.
Within 30 days of the passing of the resolution, Form-3 needs to be filed with the Registrar.
The details to be submitted in Form 3 are-
Form-4 needs to be filed with the Registrar (along with the Form-3),
The following documents are required to change an LLP agreement –
Documents to be enclosed with Form 3
Documents to be enclosed with Form 4
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