Resolution
Resolution — Change in Capital Contribution or Profit-Sharing Ratio
A draft partners' resolution revising capital contribution or profit-sharing ratio, without a change in partners.
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, with effect from [Date], the total capital contribution of the LLP be revised to ₹[Amount], contributed by the partners as follows: [Partner A] — ₹[Amount], [Partner B] — ₹[Amount].
- RESOLVED FURTHER THAT the profit-sharing ratio among the partners be revised as follows: [Partner A] — [%], [Partner B] — [%].
- RESOLVED FURTHER THAT the LLP Agreement be amended by way of a supplementary agreement to reflect the above changes.
- RESOLVED FURTHER THAT any designated partner be and is hereby authorised to file Form 3 with the Registrar of Companies within 30 days, and to sign all documents necessary to give effect to this resolution.
Certified true copy.
[Partner Name] — Designated Partner — Signature: _______________