Supplementary LLP Agreement Format
Amend an LLP agreement when partners join or leave, or when contribution or profit-sharing changes.
What it is
An LLP is governed by its LLP agreement under the Limited Liability Partnership Act, 2008. Any change to that agreement, such as admitting a partner, a partner ceasing, or revising contribution or profit-sharing, is made by a supplementary agreement signed by the partners. The changes are then filed with the Registrar so the public record matches.
When it is used
- Admitting a new partner or designated partner.
- A partner resigns, retires or dies.
- Changing capital contribution or the profit-sharing ratio.
What the template covers
- LLP name, LLPIN and registered office
- Continuing, incoming and outgoing partners
- Effective date of the change
- Revised contribution and profit-sharing ratio
- Settlement with the outgoing partner
- Confirmation of other terms of the LLP agreement
Details you will need
The generator asks for the following. Fields marked with an asterisk in the form are required; the rest can be left blank and filled in later in Word.
Agreement
Date of Supplementary Agreement; Place of Execution; Effective Date of Change; Principal Change Recorded; Stamp Paper Value (₹)
LLP Details
Name of the LLP; LLPIN; Registered Office; Date of Original LLP Agreement; Earlier Supplementary Agreements (dates, optional)
Partners After Change
Partners After the Change (continuing and incoming): Full Name, S/o, D/o or W/o, Residential Address, PAN, DPIN / DIN (designated partners), Contribution (₹), Profit / Loss Share (%), Designated Partner?, Status
Outgoing Partners
Outgoing Partners (leave blank if none): Full Name, Residential Address, DPIN / DIN (if designated), Date of Cessation, Amount Paid / Payable in Settlement (₹); Other Change Details (optional)
Stamp duty, registration and filing
Changes in the LLP agreement are filed in LLP Form 3, and admission or cessation of partners in Form 4, within 30 days of the change. An LLP must always have at least two designated partners, one of whom is resident in India. Stamp duty on the supplementary agreement depends on the State where the registered office is situated.
Generate the LLP Supplementary Agreement (Change in Partners / Contribution)
Fill in the form and download the draft as a Word file. It is a general template, not legal or professional advice; have it reviewed for your facts before you sign or rely on it.
Need this checked against your facts, or the registration or filing that follows (e.g. Form 3 filing for the LLP)? Contact SKAG and Associates
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Frequently asked questions
What is the time limit to file Form 3 for a change in the LLP agreement?
Within 30 days of the change. Late filing attracts additional fees.
Which form is filed when a partner joins or leaves an LLP?
Form 4, within 30 days, along with Form 3 for the change in the LLP agreement.
Does a new partner need a DPIN?
Only designated partners need a DPIN (DIN). Other partners do not.
This page gives general information for reference only. Laws, stamp duty rates and filing requirements change and differ between States, so confirm the current position for your case. Related: all document templates · free tax calculators · compliance calendar and guides.