Register of Partners and Declaration of Beneficial Interest under LLP (Third Amendment) Rules, 2023

Register of Partners and Declaration of Beneficial Interest under LLP (Third Amendment) Rules, 2023

Date: 31 October 2023

Category Tagging: LLP

Overview of Amendment-

Every LLP, from the date of its incorporation, is required to maintain a register of its partners in Form 4A at the registered office.
Existing LLPs must comply within thirty days from the commencement of the Amendment Rules.
The register should contain various particulars, including partner details, amount and nature of contribution and any other interest etc.
Entries must be updated within seven days of changes. Rectifications made pursuant to orders by competent authorities must be recorded.

Registered partners without beneficial interest in contribution must file a declaration in Form 4B within 30 days of registration.
Changes in beneficial interest should also be reported within 30 days.
Beneficial partners who have an interest in contributions not registered in their name must file a declaration in Form 4C within 30 days.
Each LLP should specify a designated partner responsible for furnishing and cooperating in providing information about beneficial interest. This information should be filed with the Registrar in Form 4.

Read the MCA notification at: LLP amendment rules

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