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What is a Increase in Contribution LLP?


 
 

Contribution means “Part or Share”. In reference to LLP, contribution can be termed as, what a partner is contributing towards the Limited Liability Partnership for running of his business. For ease of understanding, what Share Capital is in case of Company, is Contribution in case Limited Liability Partnership. Therefore, in case of LLP, the ownership will be judged on the basis of contribution by the partners in the LLP.

The contribution can be in the form of tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, and other agreements to contribute cash or property and contracts for services performed or to be performed.

If partners wants to increase its share in the LLP, it can increase it by way of bringing contribution to the LLP and LLP needs to amend the LLP agreement after ringing such contribution and also shall intimate ROC for the said increase in contribution of the LLP within 30 days of increase in contribution in the forms available on MCA portal.

 

Reason for Increase in Contribution in LLP


 
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Change capital and profit sharing ratio

Capital is the most crucial need of the business that requires to be increased with passing time and growth of a business. Capital sharing ratio and profit (loss) sharing ratio are interlinked from the partner’s perspectives. To affect both or any of them, executing supplementary deed would be required.
 

Documents for Increase in Contribution (LLP)


 
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Digital Signature Certificate

DSC of one of authorised partner to be provided
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LLP Agreement

An agreement to be provided including the amendments, if any
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CoI

Certificate of Incorporation of LLP to be provided
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PAN Card

Copy of PAN card of the LLP to be provided

How to register for Increase in contribution (LLP) with CCA?

1. Fill the form given on the right

2. Select your package

3. Fill the company details

4. Pay the amount & done

Once you done, our expert will contact you.

 

 
 

More Questions?

Contact us for additional assistance

 

More Questions?

Contact us for additional assistance