Resolution
Resolution — Admission of a New Partner
A draft partners' resolution for admitting a new partner, covering capital, profit share, and the Form 4/Form 3 filing authorisation.
Starting point, not legal advice. Fill in the [bracketed] details, then have it reviewed before anyone signs.
RESOLUTION OF THE PARTNERS OF [LLP NAME] LLP
LLPIN: [LLPIN] | Registered Office: [Registered Office Address]
Date: [Date] Venue: [Venue]
The following resolution was passed by the partners:
- RESOLVED THAT [New Partner Name], holding [PAN/DIN details], be and is hereby admitted as a partner of the LLP with effect from [Date].
- RESOLVED FURTHER THAT the incoming partner shall contribute a sum of ₹[Amount] towards the capital of the LLP.
- RESOLVED FURTHER THAT the profit-sharing ratio among the partners stands revised as follows: [Partner A] — [%], [Partner B] — [%], [New Partner] — [%].
- RESOLVED FURTHER THAT the LLP Agreement be amended to reflect the above, and that a supplementary agreement be executed accordingly.
- RESOLVED FURTHER THAT any designated partner be and is hereby authorised to file Form 4 and Form 3 with the Registrar of Companies, and to sign all documents necessary to give effect to this resolution.
Certified true copy.
[Partner Name] — Designated Partner — Signature: _______________