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The LLP agreement is a key legal document that defines how the LLP works. All partners must follow its terms. However, the agreement can be updated anytime with mutual consent.
Changes are often made due to updates in business activities, capital, duties, or partner rights. These changes are added through a supplementary agreement.
Stamp duty must be paid on such changes, and the modified agreement must be filed with the Registrar of Companies (ROC) within 30 days.
An LLP operates based on the terms in its agreement. To make any business or structural changes, the agreement must be revised—either by adding new clauses or removing outdated ones.
One key reason is capital updates, which may affect profit-sharing or ownership ratios. A supplementary deed is needed for such changes.
Partners’ roles, rights, and responsibilities may also be adjusted without changing their status—often to reflect new duties or limits on authority.
Other updates may involve jurisdiction, resignation terms, notice period, appointment or removal conditions, or partnership duration. These updates help align the agreement with current partner and business needs.
You need partner approval through a resolution, update the LLP agreement, and file Form-15 with the ROC within 30 days of the move.
It's an add-on to the original agreement that records any changes like capital, roles, address, or business activities.
Prepare the updated deed, pass a partner resolution, and file Form-3 (and Form-4 if partner changes) with the ROC within 30 days.
The Registrar of Companies (ROC) must be informed with relevant forms and documents.
They take effect from the date mentioned in the supplementary deed or from ROC approval, whichever is applicable.