Boost investor confidence when contribute in the LLP, because they are confident there is no lack of access to funds, so its required to increase your capital as LLP grows.
We need to increase contribution in LLP due to the following reason:
E-Form LLP- 3 filed with the Registrar in a maximum of 30 days from the date of modification of LLP Agreement. Only amended LLP agreement, initial agreement and consent of partners is to be required to file in e-form-3.
A partner and designated partner of the LLP may increase contribution in the LLP at any time, whenever they feel the requirement of extra capital in the LLP or at the time of new partner or designated partner introduce in LLP, then the new person also contributes for LLP.
Conduct the meeting of designated partners and get the approval for increase in the contribution of LLP.
Preparation of all the necessary documents that is supplementary agreement, minutes of the meeting etc.
Supplementary agreement duly stamped and notraised
Prepare form-3 with all the necessary documents.
File form-3 with prescribed government fee within 30 days from the date of revised supplementary agreement.
Receive approval from the registrar of the companies.
Boost investor confidence when buying shares in the company because they are confident there is no lack of access to funds, so its required to increase your capital as company grows.
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