Resolution of partners, increase in contribution and consequential change in profit sharing
A single format from the Contribution and Profit Sharing pack. s.32, s.33; Form 3 + Form 4 linked.
- 2 pages
- 39
- Word and PDF
- 12 September 2026
What it covers
- 1Resolution of partners, increase in contribution and consequential change in profit sharings.32, s.33; Form 3 + Form 4 linked
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Extract from the record of the decisions of the partners of [LLP's name] LLP dated [Date of the partners' decision]
INCREASE IN THE TOTAL CONTRIBUTION OF THE LLP AND CONSEQUENTIAL AMENDMENT OF THE LLP AGREEMENT
The partners considered the working capital requirement of the LLP and the proposal that the total contribution be increased from Rs [Total contribution of the LLP before the increase (Rs)] to Rs [Total contribution of the LLP after the increase (Rs)]. [Where any part is in kind: The valuation report dated [DD.MM.YYYY] issued by [Valuer's name], [a chartered accountant in practice, M. No. ____ / a cost accountant in practice, M. No. ____ / a valuer approved by the Central Government, Registration No. ____], valuing the [describe the asset] proposed to be contributed by [Name of the partner contributing the asset] at Rs [Value of the asset contributed in kind (Rs)], was placed before the partners and taken on record as required by Rule 23 of the Limited Liability Partnership Rules, 2009.]