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. Altering the agreement is straightforward. All you need to do is pass a resolution approving the revision in the LLP Agreement. The next step is to file Form 3 with the Registrar within 30 days of the amendment in the agreement. However, in case change in LLP agreement is due to change in partners/ designated partner, Form 4 has to be filed along with Form 3.
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