HOW TO CHANGE MAIN DIVISION OF BUSINESS/ACTIVITY CODE IN LLP

HOW TO CHANGE MAIN DIVISION OF BUSINESS/ACTIVITY CODE IN LLP

The Following steps you need to take in order to change the main division or Activity Code:

  • The very first thing you need to do is to check about the business to be carried on, whether the LLP is allowed to carry on such business?
  • Take Approvals from required Authorities, if proposed business needs some mandatory approval from any Authority.
  • Change Activity of the LLP as per the procedure given in the Original LLP Agreement or If LLP Agreement is silent
  • Take Consent from all Partners to change the Agreement accordingly.
  • Pass Resolution to make the changes in Agreement (Its not mandatory but advisable)
  • Sign and Execute Supplement LLP Agreement for Change in Acivity.
  • Fill the Fresh NIC Code in LLP-3 as per the proposed business of LLP and attach the supplement LLP Agreement.
  • File Form LLP-3 within 30 days of executing the Supplement Agreement.
  • ROC will record and amend the NIC Code Accordingly.
  • Same, will reflect in Master Data of LLP after the Approval of Form LLP-3 with ROC.

Regards

Team OnlineCompany

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