How to Update or Modify Registered LLP Details Easily?

A Limited Liability Partnership (LLP) is a popular business structure in India due to its flexibility, limited liability protection, and ease of compliance.

A Limited Liability Partnership (LLP) is a popular business structure in India due to its flexibility, limited liability protection, and ease of compliance. However, as businesses grow, changes are often needed in the LLP structure, partners, or other essential details. The Ministry of Corporate Affairs (MCA) regulates LLP registration in India, and any modifications require compliance with its rules.

This guide covers how to update or modify registered LLP details, the documents required, the MCA LLP registration process, and the applicable fees.

What Changes Can Be Made to an LLP?

LLPs may need to modify various details due to changes in ownership, management, or business objectives. Here are the most common updates:

• Change in LLP Name
• Change in Registered Office Address
• Addition or Removal of Partners
• Change in Capital Contribution
• Amendment in LLP Agreement
• Change in Business Activities
• Change in Digital Signature Certificate (DSC) or Designated Partner Identification Number (DPIN)

1. Change in LLP Name

A name change may be required due to business rebranding or expansion. The process includes:

• Checking name availability on the MCA LLP Registration portal.
• Filing Form LLP-5 with reasons for the name change.
• Updating the LLP Agreement.
• Receiving a new LLP Registration Certificate with the updated name.

2. Change in Registered Office Address

LLPs can shift their registered office within the same state or to another state. The process involves:

• Filing Form LLP-15 for address change within the same state.
• If the shift is to another state, partners must approve an amendment in the LLP Agreement and file Form LLP-5 with the MCA.

3. Addition or Removal of Partners

If a partner leaves or a new partner joins, the LLP Agreement must be amended, and the changes must be updated with the MCA:

• File Form LLP-3 for agreement modification.
• File Form LLP-4 for resignation, removal, or appointment of partners.
• Obtain consent from new partners and update Startup India Registration, IEC Code, CSR-1 Registration, and NITI Aayog Registration, if applicable.

4. Change in Capital Contribution

If an LLP wants to increase or decrease its capital contribution, the steps include:

• Amending the LLP Agreement.
• Filing Form LLP-3 with the MCA.
• Paying LLP registration fees, which vary based on the increased capital.

5. Amendment in LLP Agreement

The LLP Agreement is a crucial document that defines the internal structure and management of an LLP. Changes include:

• Profit-sharing ratios.
• Business objectives.
• Decision-making powers of partners. To amend the agreement, file Form LLP-3 along with the modified agreement.

6. Change in Business Activities: If an LLP expands into new sectors, it must:

• Modify the LLP Agreement.
• Update details in MCA records using Form LLP-3.
• Inform regulatory bodies like the Government E-Marketplace (GeM) for e-procurement eligibility.

7. Change in DSC or DPIN: Partners must update their Digital Signature Certificate (DSC) or Designated Partner Identification Number (DPIN) in case of expiry or reissuance. The process includes:

• Applying for DSC renewal with a certified agency.
• Filing Form DIR-6 with the MCA for DPIN modification.

Step-by-Step Process to Modify LLP Details Online

Step 1: Prepare the Required Documents

Depending on the modification type, these documents are needed:

• LLP Registration Certificate
• LLP Agreement (Original & Amended Copy)
• Board Resolution (for internal approval)
• Consent Letters of Partners (in case of partner change)
• Proof of Address (for office address modification)
• Updated Financial Statements (if capital changes are involved)

Step 2: File the Appropriate MCA Form

• Log in to the MCA LLP Registration portal.
• Select the applicable form based on the required modification.
• Upload the supporting documents.
• Pay the LLP Registration Fees (varies per modification type).
• Submit the application for approval.

Step 3: MCA Processing & Approval

• The MCA reviews the submitted forms and documents.
• If all details are correct, approval is granted.
• The updated details reflect in MCA records, and a new LLP Registration Certificate is issued if applicable.

Step 4: Update Other Registrations

Once the MCA approves the modifications, update changes in:

• Startup India Registration
• IEC Registration (Import Export Code)
• CSR-1 Registration (for CSR eligibility)
• NITI Aayog Registration (for NGOs & trusts)
• Government E-Marketplace (GeM) Registration

Fees for Modifying LLP Details

The LLP Registration Fees depend on the type of change and the LLP’s capital:

Modification Type	MCA Form	Estimated Fees (INR)
Name Change	LLP-5	₹1,000 – ₹5,000
Office Address Change	LLP-15	₹500 – ₹2,000
Addition/Removal of Partner	LLP-4	₹500 – ₹2,000
Capital Contribution Change	LLP-3	Based on increase
Amendment in LLP Agreement	LLP-3	₹500 – ₹2,000

Time Required for LLP Modification

The processing time varies based on the type of modification:

Name Change: 10-15 days

Address Change: 5-10 days

Partner Addition/Removal: 7-14 days

Capital Change: 5-10 days

LLP Agreement Amendment: 7-14 days

Common Mistakes to Avoid While Modifying LLP Details

• Not updating LLP Agreement after modifications.
• Missing the deadline for filing changes (LLPs must update details within 30 days of the change).
• Incorrect or incomplete documentation leading to MCA rejection.
• Failure to inform banks, tax authorities, and regulatory bodies about changes.

Conclusion

Updating or modifying LLP details is a straightforward process when done systematically. LLPs must comply with MCA regulations and ensure all filings are completed within the stipulated timeline. Using the MCA LLP Registration Online portal makes the process seamless.

For hassle-free compliance, consider consulting an LLP expert or using professional services to ensure error-free modifications.

By keeping your LLP details updated, you ensure smooth business operations, legal compliance, and credibility in the market!