Change In Objects LLP

With just one phone call, our professionals will discuss all of your needs. We’ll make recommendations for changes, answer questions about whether or not it is the right time for you to expand on your own, and we can even take care of the paperwork too!

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Why we need to change the main business activities?

When a partner wishes to grow their business, they can alter the LLP's primary business activities. Additionally, if partners wish to engage in any other type of business that was not previously covered in the LLP Agreement, they can do so with the other partners' consent.

What kind of business activities a LLP can do?

LLP is incorporated for doing any legal business activities. However, incorporation document prohibits, LLP from doing NBFC business activities. Also, LLP name guidelines, mandate that if the name of the LLP indicative of activity, LLP activities must relate to the activity indicated in the name.

How to Change objects in LLP?

The LLP agreement contains a clause regarding LLP activity and procedures to be followed for changing the object. Based on the partners understanding, the supplementary agreement is prepared and requisite e-Form filed with respective Registrar of Companies to changes the object of LLP.

Process Involved

Step-1

Conduct the meeting of the designated partners of the LLP for getting the approval of new name and check the availability of the name from MCA portal.

Step-2

Prepare all the necessary documents that is supplementary documents, minutes of the meeting and resolution of the meeting

Step-3

Supplementary agreement should be properly notraised and stamped

Step-4

Prepare form-3 with all necessary documentation.

Step-5

File form-3 within 30 days from the date of signed supplementary agreement to registrar of companies with prescribed fees.

Step-6

Get approval from the government.

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