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Change in Partner

 

Change in Partner – LLP & Partnership Firm in India

Introduction

In a Limited Liability Partnership (LLP) or traditional Partnership Firm, the admission, resignation, or removal of a partner is a common business event.
However, the process must be carried out in compliance with the LLP Act, 2008 or the Indian Partnership Act, 1932, ensuring proper documentation and government filings.
Changing a partner impacts profit sharing, liability, and operational structure, so legal accuracy is essential.

Reasons for Change in Partner

  • Admission of a new partner to expand business.

  • Resignation or retirement of an existing partner.

  • Change due to death or incapacity of a partner.

  • Change in business strategy or partnership agreement terms.

  • Transfer of ownership or stake.

Legal Provisions

  • LLP Act, 2008 – For LLPs.

  • Indian Partnership Act, 1932 – For traditional firms.

  • MCA Filing – For LLPs (Form 3 & Form 4).

Types of Partner Change

  1. Admission of a New Partner – Requires consent of existing partners and amendment of agreement.

  2. Resignation/Retirement of a Partner – Proper notice and settlement of dues.

  3. Removal of a Partner – Only if stated in the agreement and as per law.

Process for Change in Partner

For LLPs

  1. Obtain Consent – Approval from existing partners.

  2. Amend LLP Agreement – Reflecting new partner details or removal.

  3. Filing with MCA –

    • Form 4 – For change in partner details.

    • Form 3 – For amended LLP agreement.

  4. Update Records – Internally and with banks, GST, etc.

For Partnership Firms

  1. Draft a Partnership Deed Amendment.

  2. Sign and Register (if applicable) with Registrar of Firms.

  3. Update PAN, GST, and Bank Records.

Documents Required

  • Consent letter of incoming/outgoing partner.

  • Amended LLP Agreement / Partnership Deed.

  • Identity & address proof of the partner.

  • Digital Signature Certificate (for LLP filings).

  • Board/Partner resolution (if applicable).

Timeline & Penalties

  • MCA filings for LLP partner change must be done within 30 days of the change.

  • Late filing attracts additional government fees and penalties.

Why Choose Us?

Expert Legal Drafting – Accurate LLP agreement or deed amendments.
MCA Compliance – End-to-end government filing support.
Hassle-Free Process – From documentation to approval.
Affordable Packages – Transparent pricing, no hidden charges.

Get Started Today!

Need to change a partner in your LLP or Partnership Firm?
We provide fast, compliant, and affordable services to update your partnership structure without legal stress.

Call Now: +91-9773346539/38
 

Suggested Layout Design for the Landing Page

  1. Hero Section – Title: “Change in Partner – LLP & Partnership Firm” + short intro + CTA button (“Get Started”).

  2. Why Partner Change Happens – Icon + short description list.

  3. Legal Provisions & Types of Partner Change – Infographic style.

  4. Step-by-Step Process – Numbered steps with icons.

  5. Required Documents – Card layout with file icons.

  6. Why Choose Us – 4 benefit cards.

  7. Call-to-Action – Bold section with contact details & enquiry form.