Increase Contribution of LLP

Documents Required for Increase Contribution of LLP

  • 1 Consent of the designated partners for increase in the contribution
  • 2 Minutes of the meeting of the designated partners
  • 3 Form of Contribution
  • 4 Stamp paper according to the contribution of the LLP that to be introduced.

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Process Involved

Meeting of the partners
Documentation
Stamp Papers
Form-3
File form-3
Approval

Increase in Authorize or Paid Up Share Capital of Company

 

Process involved in Increasing Authorize Capital

1.  Authorization in Article is must for Increase

Company has to make sure that its Articles of Association contain a provision authorising it to increase its authorised share capital. 

2. Calling of Board Meeting  Issue notice in accordance with the provisions of section 173(3) of the Companies Act, 2013, for convening a meeting of the Board of Directors .

3. To Get in-principal approval of Directors for Increase in authorised share Capital.

4. Fix date, time and place for holding Extra-ordinary General meeting (EGM) to get approval of shareholders, by way of Ordinary Resolution, for amendment in authorised share Capital clause of Memorandum of Association .

5. To authorise the Director or Company Secretary to issue Notice of the Extra-ordinary General meeting (EGM) as approved by the board.

6. Issue Notice of the Extra-ordinary General meeting (EGM) to all Members, Directors and the Auditors of the company in accordance with the provisions of Section 101 of the Companies. 

7. Holding of General Meeting: Hold the Extra-ordinary General meeting (EGM) on due date and pass the necessary Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, for increase in authorize share capital of the Company .

8. Concerned Registrar of Companies (ROC) will check the E-forms and attached documents and will approve the increase in authorize share capital. 

 

Documents process

File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64

a. Notice of EGM.

b. Certified True copy of Ordinary Resolution.

c. Altered Memorandum of Association.

 

Process involved in Increasing Paid Up Capital

File form PAS-3 for Allotment of Shares.

FAQs

FAQs

In which circumstances, contribution can be change?

What are the documents required for change in contribution?

What is the impact on the profit sharing pattern of the contribution of the partners?

Do I need to pay the stamp duty on the increased contribution?

Apart from the stamp duty, what is the government fee?

Which E-form is required to file for increase in the contribution?

What is the limit of time period for bringing in the contribution by the partners?

What are the restrictions on the withdrawal of the contribution by the partners?

When shall the amount of contribution be liable to be repaid to the partners?

How will the profit sharing pattern of the partners be determined in the event of the LLP Agreement being silent about the profit sharing pattern?

What are the guidelines for accounting and disclosure of the contribution in any form other than cash in the LLP Accounts?

What is the procedure for increasing the contribution by way of additional capital brought in by existing partners?

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