As your Limited Liability Partnership grows, altering the fundamental terms of your business charter is necessary to support capital expansion, welcome new partners, redefine profit ratios, or pivot your core business operations. Under Section 23 of the LLP Act, 2008, the LLP agreement defines the legal relationships, management controls, and financial distributions among partners, and any modifications must be formally reported to the Ministry of Corporate Affairs within 30 days. We manage the entire agreement amendment process, drafting legally precise supplementary LLP agreements, advising on state-specific stamp duty implications, and managing the e-filing of Form 3 and linked Form 4 with the ROC to ensure your operational changes are fully recognized and legally enforceable.
Draft a legally precise supplementary LLP agreement that clearly references the original agreement while instituting your desired operational amendments.
Ensure seamless e-filing of Form 3 for agreement modifications, linking Form 4 simultaneously if the changes involve partner onboarding or cessation.
Provide expert guidance on the appropriate stamp duty rates required for your supplementary agreement based on your state of registered office and capital scale.
Formulate formal partner resolutions and meeting minutes that document the unanimous consent of all partners to prevent future disputes.
Under Section 23(4) of the LLP Act, 2008, any modification to the LLP agreement must be filed with the Registrar of Companies in Form 3 within 30 days of executing the supplementary deed. Failure to file attracts a penalty of ₹100 per day.
A supplementary agreement is a legally binding addendum that modifies specific clauses of your original deed. Yes, payment of state-specific stamp duty and notarization is mandatory. The stamp duty rate varies based on whether you are changing the capital contribution or other administrative clauses.
We draft a supplementary deed reflecting the new partner's admission, capital contribution, and updated profit-sharing ratios. We then file Form 3 (for agreement changes) linked with Form 4 (for partner details update) on the MCA portal.
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