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Change in LLP Agreement
About change in LLP Agreement
The Limited Liability Partnership
(LLP) Agreement is the charter of the LLP, 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. LLP can change the LLP Agreement by
filing prescribed form (Information with regard to Limited Liability Partnership
Agreement and changes, if any, made therein). whenever
there is any change in the agreement the same is required to be filed within 30
days of change in the agreement.
Consequence for Non-Filing
Penalty of Rs 100/- per day is
levied and maximum no limit.
