LLP Agreement Amendment

How It Works

1. 1

   Review Existing Agreement and Identify Changes

   Obtain and review the current LLP Agreement in full. Identify all clauses that require amendment and confirm the internal approval threshold (unanimous or majority) specified in the agreement.

2. 2

   Obtain Partner Approval

   Convene a meeting of all partners and pass a resolution approving the amendment. Document the resolution in writing, signed by all approving partners.

3. 3

   Draft the Supplementary Deed or Restated Agreement

   Prepare the amendment document, either as a supplementary deed that records only the changed clauses or as a fully restated agreement. Ensure precision in drafting to avoid ambiguity.

4. 4

   Compute Stamp Duty and Execute on Stamp Paper

   Calculate the applicable stamp duty based on the state of registration and the revised capital contribution figures. Print the agreement on correctly valued non-judicial stamp paper, obtain signatures of all partners, and notarise the document.

5. 5

   File Form LLP-3 on MCA21

   Upload the notarised amended agreement and all supporting documents on the MCA21 portal using Form LLP-3 within 30 days of the amendment date. Pay the applicable government filing fee.

6. 6

   Update Ancillary Records

   Update the LLP's internal minute book and partner register. Notify the bank and any licensing authorities if the amendment affects signatory rights or business scope.