The modification of the capital contribution must be modified in the LLP agreement. Form E 3 must be submitted to ROC within 30 days from the date of modification of the capital injection referred to in the LLP agreement, together with the minutes of the meeting at which the decision was made. Hello, what is the procedure for a company to register real estate in its name, if the property currently belongs to another person who is not a shareholder of a company, but who wishes to be a shareholder of the company. The company has the capital of ? 1lac. Do we need to increase the authorized capital and paid-up capital of the company or transfer existing shares to the new HS-4 person? Please see – A change in the contribution in LLP does not result in a change in the partners` incentive rate (PSR) unless this is stipulated in the LLP agreement. Stamp duty must be paid in the event of an increase in the contribution. A complementary/amended LLP agreement must be concluded by paying stamp duty. The same must be appended to Form 3 to be approved by the Registrar. When can we increase contributions to LLP? A designated partner and partner of the LLP may increase the contribution to the LLP at any time if they believe that additional capital is needed in the LLP or at the time of the introduction of a new partner or designated partner in LLP, then the new person is also contributing to LLP. Limited Liability Partnership (LLP) is a relatively new type of business unit in India that combines the benefits of business and partnership into a single form of organization and one partner is not responsible or liable for the fault or negligence of another partner. Therefore, all partners have a form of limited liability for the protection of each within the partnership, similar to that of the shareholders of a company. For a variety of reasons, it may be necessary to add a new partner to an existing partnership. In this article, we look at how to add a new partner to an LLP.
In addition, the format of the LLP contract is made available for adding a partner to an existing LLP. The Liability Partnership Agreement (LLP) is LLP`s most important document, as is the Memorandum of Association and the articles of association of a limited liability company. It defines the scope and scope of the LLP`s activities as well as the rights, obligations and obligations of the partners. An LLP agreement is very important because it contains information about partners, capital contribution, profit-benefit rate, board meetings, dispute resolution minutes, company closure, etc. There may be situations requiring a modification of the LLP agreement, such as a modification of LLP`s activities, a modification of the capital contribution, the addition or deletion of a partner, etc. To amend the LLP Agreement, you must make a decision authorizing the revision of the LLP Agreement. The second step is to submit Form 3 to the Registrar within 30 days of the amendment of the agreement. However, if a change to the LLP agreement is due to a change in the designated partners/partners, Form 4 must be submitted with Form 3. The following documents must be attached to Form 3: • Original LLP Agreement • Supplementary/Amended LLP Agreement • The decision adopted by the partners • All other documents, as requested by MCA. . .