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The LLP Agreement is a legal contract signed between all partners of an LLP at the time of incorporation. It defines the structure, profit sharing, responsibilities, decision-making rights, and more.
Whenever your LLP changes structure or functioning, you are required to amend the agreement and notify the ROC by filing Form 3 within 30 days of the change. These changes may include:
Failure to update the agreement can lead to penalties and legal confusion in the future.
When your Limited Liability Partnership (LLP) evolves – whether it’s adding/removing partners, changing profit-sharing ratios, updating business activities, or shifting roles – you must officially reflect these changes in your LLP Agreement. This document is the legal foundation of your LLP, and any modification must be filed with the Registrar of Companies (ROC).
With CallMyCA, making changes to your LLP Agreement becomes smooth and fully compliant. Our team of expert CA/CS professionals ensures all updates are drafted properly, forms are filed accurately, and MCA approval is secured, saving you time, stress, and penalties.
Avoid penalties by filing changes within 30 days.
Keep your agreement up-to-date with your evolving operations.
Prevent future conflicts with clearly defined new terms.
We draft the revised agreement in a professional, MCA-ready format.
All filings are managed by experienced professionals.
We suggest the best clauses based on your business model.
Transparent, value-for-money service with no hidden costs.
The entire process is completed within a few working days.
Get peace of mind with 100% correct, timely filings.
You should update your LLP Agreement whenever there’s a major change in your business, such as adding/removing a partner, changing capital contributions, profit ratios, office address, or even your business objective. Any such change must be reported to ROC through Form 3 within 30 days to avoid penalties.
Yes, every time there is a change in the terms of the agreement between partners, it must be filed in Form 3 with the MCA. This is a legal requirement under the LLP Act, and ignoring it can lead to penalties of Rs. 100 per day of delay.
If you fail to file Form 3 within the due date, you may face Rs. 100 per day of delay as a penalty, without any maximum cap. Also, outdated information in your LLP records may lead to legal complications or rejection of future filings.
No. All partners must mutually agree to the change, and it should be supported with a signed resolution. In case of disputes or exit/entry of a partner, a revised agreement must be signed and approved.
There is no restriction. You can change it any number of times as needed. But every time you do, the updated agreement must be filed with the ROC using Form 3.
Yes, you can change or expand the business activities. However, you must reflect it in the updated agreement and notify ROC accordingly. Also, if your new activity falls under a different NIC code, it must be updated in the master data.
While MCA filing doesn’t mandate notarization, it’s a best practice to have the agreement stamped and notarized as per your state’s Stamp Act to give it legal enforceability.
Usually, it takes around 3–7 working days if all documents are in place. We at CallMyCA try to fast-track the process with prompt drafting, e-filing, and follow-ups with MCA.
Yes. Our experts can assist in retrieving your old LLP Agreement from ROC records or help you recreate it in case of loss. We will guide you through the safest and legal route.
Such changes need extra documentation like resignation letters, updated capital clauses, and revised profit-sharing ratios. CallMyCA helps in drafting all these and ensures they are MCA-compliant.
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